Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

A lot of charts with no context, but my main takeaways are that the US is not in record debt, in fact it was well over 100% GDP in WWII and under that now. Based on the news you'd think US is over spending by records numbers. The numbers are records but as a percentage of GDP they are not. Another surprise is the S&P PE ratio. I thought it was really high now, but actually 2008 was the high point by about twice as much. Again, no context in the article, but these were my takeaways. All the other charts are saddening. Maybe the point is sow fear uncertainly and despair to pump bitcoin?


>in fact it was well over 100% GDP in WWII

You can't win a war with sustainable budgeting.

If you have to use WW2 to prove that the national debt wasn't bad than that's probably a sign it's bad.


Yeah no kidding. If you have to compare your current status quo with probably the most extreme time period the US faced in the whole 20th century, it's definitely a bad sign.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: