Utopia Talk / Politics / is OVA 40 !!!!!

TheChildren rank	Wed Aug 19 22:54:17 https://ww...n-mark-for-the-first-time.html ROFL i rememba a while back, but not soo long back, is was just like 39 or somethin. WELL IT OFFICIAL. IS OVA 40 NOW. NOT EVEN HALF A YEAR!!!! IS OVA 40 TRILLIONIEZZ!!!
Habebe rank	Thu Aug 20 00:47:33 You realize that China actually has a.higher debt to GDP ratio, right? I mean, it's actually close enough to be negligible. But US @123% China @ 124% But, if you include state organizations, it's probably closer to 200+ in China.
Habebe rank	Thu Aug 20 00:50:56 You realize that China actually has a.higher debt to GDP ratio, right? I mean, it's actually close enough to be negligible. But US @123% China @ 124% But, if you include state organizations, it's probably closer to 200+ in China.
williamthebastard rank	Thu Aug 20 09:44:39 ^ "how true is this and wth is he referring to by state organizations? If by "state organizations" they mean all debt owed by Chinese state-owned enterprises, corporations, LGFVs, etc., then you can get extremely large numbers—but that isn't government debt. The comparison is misleading because it mixes different definitions of Chinese debt." Thats all I need to know
Average Ameriacn rank	Thu Aug 20 10:18:23 Tariffs and keeping the oil will fix that. Trump just needs more time, 4 more years. Golden age is coming MAGA!
TheChildren rank	Thu Aug 20 15:21:58 iS OVA!!! imminiment collapse shithole implosion
murder rank	Thu Aug 20 19:32:02 "Treasury Secretary Scott Bessent on Thursday said the U.S. can “grow” its way out of the $40 trillion national debt ..." We'll just grow out of it ... like with chronic masturbation. -
TheChildren rank	Sat Aug 22 16:49:56 when is gonna be ova 41???? 1) be4 septemba 2026 2) be4 decemba 2026 3) feb 2027 me thinks b
murder rank	Sat Aug 22 17:48:51 The options were 1, 2, or 3, not b. lol :o) But yes, definitely by December. -
Rugian rank	Sat Aug 22 17:57:29 We absolutely cannot grow our way out of it. The increase to debt far, far outpaces any realistic GDP geowth projections. I explained these very numbers to murder a few years back to show how we had a massive spending problem and he couldn't have cared less. I consider that an object example of why no one in DC is interested in solving this problem :/
TheChildren rank	Sat Aug 22 18:05:41 shithole implosion is comin
murder rank	Sat Aug 22 18:07:01 "I explained these very numbers to murder a few years back to show how we had a massive spending problem and he couldn't have cared less." Link or stfu! -
williamthebastard rank	Sat Aug 22 18:14:53 Sam Adams is going to have to learn how to skateboard on the freeway to work
jergul rank	Sat Aug 22 21:35:37 Ruggy I feel like you are stealing my glory :). The problem in a nutshell is that decreasing deficit spending decreases gdp growth. Goverment spending is responsible for about 25% of gdp. You would slip immediately into a recession if you reduced the deficit by 1 trillion in a given fiscal year.
Habebe rank	Sun Aug 23 02:45:02 Wtb, What exactly is misleading? And yes it includes state run businesses. It excludes private debt.
Habebe rank	Sun Aug 23 02:48:56 China has a tendency yo hide its debt in government entities that carry out government directed spending. So, when doing comparisons, it valid to include (estimates) of said debt.
Habebe rank	Sun Aug 23 02:50:54 The IMF estimates that LGFVs alone are about 50% of GDP.
jergul rank	Sun Aug 23 02:56:13 Habebe You are correct. Assets and liabilities owned by Government probably should be counted. "Total assets of China's state-owned enterprises (SOEs), including the financial sector, reached US$78.08 trillion" So closer to 125 trillion today I imagine.
jergul rank	Sun Aug 23 02:57:06 (78 trillion in 2019).
jergul rank	Sun Aug 23 02:58:55 That is oddly something people fail to think of for some reason. The Chinese State is an economic powerhouse in its own right. Worth like 60 SpacXs in market cap.
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