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Please learn the difference between debt and the debt-to-GDP ratio before speaking about economics! #TVKLies

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DMK IT WING

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35,489 Aufrufe • vor 27 Tagen •via X (Twitter)

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🇺🇸 JOHN THUNE: THE U.S. IS DEEPLY IN DEBT In 2020, John Thune issued a stark warning about the growing national debt: "Our nation is deeply, deeply in debt right now. That's getting toward the kind of debt to GDP ratio that helped bring about financial disaster in Greece." Source: The Hill

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🔸 Doesn’t know the debt interest levels 🔸 Doesn’t understand the difference between debt and deficits 🔸 Doesn’t have a clue how basic economics works We should expect better from the leader of a political party.
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During Najib’s time: RM800 billion debt (actually RM687b) = the country is “bankrupt”. Debt ratio 57.4% (actually 50.0%) = “broke the law”. But during Madani: RM1,315.5 billion debt = perfectly fine. Debt ratio 64.0% (up from 57.7% in 2022 before Madani) = “still within the law”. What a liar, KorMing.
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During Najib’s time: RM800 billion debt (actually RM687b) = the country is “bankrupt”. Debt ratio 57.4% (actually 50.0%) = “broke the law”. But during Madani: RM1,315.5 billion debt = perfectly fine. Debt ratio 64.0% (up from 57.7% in 2022 before Madani) = “still within the law”. What a liar, KorMing.

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Putin boasts: The Eurozone's government debt has risen to 81.7% of GDP. Russia's government debt stands at 16.4% of GDP.
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Putin boasts: The Eurozone's government debt has risen to 81.7% of GDP. Russia's government debt stands at 16.4% of GDP.

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You’ve heard it said that Republicans are fiscally conservative and Democrats just want to spend. Is it true? Check out this chart on US debt. Surprised? We’re not. #DemsAbroad #VoteBlue #TrumpEconomy Details: Federal debt as a share of GDP, split by presidential party. Method: yearly change in debt/GDP is compounded only during the years each party held the presidency. When one party is in office, the other line stays flat. Data: FRED (GFDEGDQ188S), annualized from quarterly. Result: over this sample, Republicans accumulate more of the increase in the debt-to-GDP ratio.🧵

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Global public debt has surged to approximately $106 trillion - exceeding 95% of Global GDP.. Many advanced economies that spent decades running expansionary fiscal policies now find themselves with severely constrained policy space precisely when they need it most. Meanwhile, India continues to stand out. Our general government Debt-to-GDP ratio, which includes the States’ debt, at approximately 81%, is the lowest among major economies after Germany. More importantly, India is the only major economy where the IMF projects this ratio to fall significantly to 75.8% by 2030 while the debt outlook for the advanced economies such as US, China, Germany, and others is projected to worsen. - Smt Nirmala Sitharaman in New Delhi (1/n)

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How out of control is US government spending? "Since 1800, there have been 52 countries that saw a Debt-to-GDP above 130%, 51 of those countries have defaulted." - Adam Kobeissi with Charles V Payne Currently, the US has a Debt-to-GDP ratio of 124% which is up over 20% since 2020. The US will be above that 130% threshold by 2033 based on the current trajectory. According to the US CBO itself, Debt-to-GDP is on track to hit 150%+ by 2050. Meanwhile, a $1.2 trillion budget was just passed and the debt ceiling is uncapped until 2025. How is this ever sustainable?

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