Our "socialistic" Democratic party agenda and the skyrocketing national debt

[Septua]

That's what the Retrumplicans like to highlight when discussing the ills of Democratic politics...

Virtually every country in world operates with some level of national debt. One metric for evaluating debt is 'debt to GDP ratio'.

The US doesn't lead the pack in that category.

https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country

[multigraincracker]

1. Wasn't the last balanced budget under Clinton?

Have been a few republican after that.

[Wicked Blue]

2. Democratic presidents and congresses reduce the deficit

Then Repuke presidents and congresses increase it again by giving tax breaks to the wealthy.

And around and around it goes, as surely as night follows day.

[multigraincracker]

3. I remember a nice graph showing it.

Can anyone find that?

[jmbar2]

4. Debt vs investment

I remember folks saying "run government like a business". When interest rates are low, it makes sense to borrow to invest in future capacity.

You invest proactively, rather than waiting for your infrastructure to collapse on itself, and possibly having to replace at higher interest rates.

[uponit7771]

5. K&R, America STILL has equivalent of 850 credit rating even after increase

[PortTack]

6. The Ntl debt has actually fallen under President Biden. The orange mass is responsible for the

Current debt

[brooklynite]

7. Nobody cares what some other country's debt ratio is.

Either they care about OUR debt or they don't.