alt Hacker NewsCan the US even afford a trade war, they are beginning to find borrowing more money increasingly difficult… currently the debt is around $130k for every man, woman and child in the US.
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Schiendelman • today at 3:11 PM
Gross debt to GDP ratio in the US has fallen from 130% in 2021 to under 125% now. It'll likely tick back up closer to 130, but it's been relatively flat.
Economic growth and inflation have kept pace with gross debt for a long time, and if the US continues to stay on top of the tech industry, the raw numbers will likely continue not to matter.
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More difficult is a relative term. More difficult but still easier than other countries so the US remains in a stronger position here. The US can sustain the mess a lot longer than most countries can survive it.