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Re: US debt falls during Biden presidency

By: clo2 in ALEA | Recommend this post (0)
Wed, 03 Jan 24 12:15 PM | 28 view(s)
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Msg. 51830 of 54959
(This msg. is a reply to 51828 by Cactus Flower)

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Thanks for the insight & info, unfortunately Joe hasn't been getting credit for any of the good polices & progress made with his leadership.

Unemployment stays at record lows.
Inflation falling along with gas prices.
More improvement with infrastructure.
Unions getting stronger & wages rising.
Environment issues being addressed.
Abortion & choices.
College debt.
Supporting Ukraine.

Those are off the top of my head, as I drink coffee since I've only been up a short time ;)


Do something positive.




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The above is a reply to the following message:
US debt falls during Biden presidency
By: Cactus Flower
in ALEA
Wed, 03 Jan 24 9:36 AM
Msg. 51828 of 54959

I know that your press is going to talk about US debt reaching $34t.

But since Trump left office, it has fallen as a percentage of GDP from 133% to 120%.

The absolute figure is of no great importance. It's the sustainabilty of US debt that counts. And apparently your economy is growing faster than the debt. Good news.

http://fred.stlouisfed.org/series/gfdegdq188S


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