0 sats \ 3 replies \ @02bcd3eeb0 9 Feb \ on: Debt Spiral: Time For Hard Asset econ
That's comparing apples and oranges
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0 sats \ 2 replies \ @TomK OP 9 Feb
In what way?
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100 sats \ 1 reply \ @02bcd3eeb0 9 Feb
Your comparing US federal tax receipts to the interest on total debt (public and private) in the US.
The interest on US federal government debt is ~900B dollars a year currently.
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0 sats \ 0 replies \ @TomK OP 9 Feb
boah shit. you're right, thanks for the clarification. but i think the interest payments of the state will continue to rise massively anyway, so the ratio will soon be right
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