dajo9 said:
oski003 said:
dajo9 said:
bear2034 said:
Bidenomics
That's an interesting data point presented from our Russian propaganda friends at zerohedge, so I researched it. Did you?
Turns out twice as many part time jobs were lost to Covid than full time jobs (makes sense). Full time jobs were fully recovered in 2022. Part time jobs fully recovered in 2023.
https://economistwritingeveryday.com/2023/10/11/is-the-job-growth-driven-by-part-time-workers/
Looks like Trump and Biden have done a good job setting ourselves back on course after Covid shut down the economy.
Lol
https://fortune.com/2024/02/13/national-debt-elon-musk-government-spending-interest/amp/Uncle Sam is drowning in a $34 trillion debt owed to creditors worldwide, surpassing the annual output of the entire U.S. economy by over 20%.
The terse judgment came in response to a monthly statement by the U.S. Treasury showing the $357 billion in interest payments had easily eclipsed the $283 billion spent on the country's military and defense in the 10 months of the 2024 fiscal year through January.
That's why Fitch already downgraded the federal government's credit rating last summer as a result of intractable divisions on Capitol Hill, following Standard & Poor's groundbreaking cut in 2011.
Should Moody's follow, as is likely, it would conclusively mark the end of the sterling AAA rating for U.S. sovereign bonds.
However, neither the Big Three rating agenciesnor even Powell for that matterenjoy the same credibility as Musk from many Americans, in particular conservatives, who credit him with growing Tesla and SpaceX into successful, industry-leading multinationals.
"When you add unfunded obligations [e.g. social security & medicare], plus state and local debt," he wrote last month, "government debt will soon exceed $100 trillion!"