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This is one of the worst chart crimes I've seen so far this year.
1983 was a COMPLETELY different environment. Gov't debt was $1.1 trillion (now 32 times that), Reagan was president and started deficit spending like crazy for infrastructure, cold war arms race, star wars program, ect, and it was the start of the internet boom with AMD, ADI, and GD some of the best performing stocks that year. Regan (in percentage terms) was the highest peace time deficit spender in history at 160%. Much of which has never been paid off, it just keeps rolling over. In order for Biden (currently at 8.8%) to pay the interest on all that rolled debt AND spend as much into the economy as Reagan did he would have to increase the deficit to 576 TRILLION dollars and I assure you that is NOT GONNA HAPPEN. GL
The post above comes from stockwit.com. what i wanna to know it that does situation worse more than previous years?
welcome to comment
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