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Chart these numbers?

Posted: Fri Nov 15, 2019 2:38 pm
by Tom Young
What would a chart look like, given these numbers?

In 1980, the TOTAL National Debt... not month or year... but the total National debt was under one Trillion dollars. It took 197 years to reach that level.

Last month, the national debt increased by 134 Billion dollars in one month, which would work out to about 1.6 Trillion dollars in a single year.

BTW.. we just reached 23 trillion three days ago. :roll:

Re: Chart these numbers?

Posted: Fri Nov 15, 2019 2:49 pm
by jacob
It looks like this: https://fred.stlouisfed.org/series/FYGFD

However, given inflation and the growth of the economy, it makes more sense to look at the debt relative to GDP, which looks like this:
https://tradingeconomics.com/united-sta ... ebt-to-gdp (click MAX)

Re: Chart these numbers?

Posted: Sat Nov 16, 2019 8:45 am
by Mister Imperceptible
Professor Steve Keen (At 17:00) says the real problem is not government debt but Private Debt, which, calculated as household debt plus non-financial corporate debt, is $40 trillion, or about 150% of GDP.

https://m.youtube.com/watch?v=a26knrKqGy4