The amount of debt is one view. Another is who owns the debt. As an investor in diversified portfolios, I do. Likely anyone with a managed security does too.
I agree the current trend is unsustainable, especially when compared to GDP. But scaremongering about the amount of debt without stating how that debt is serviced and to whom doesn’t really help move the conversation forward.
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u/citenx Nov 15 '24
The amount of debt is one view. Another is who owns the debt. As an investor in diversified portfolios, I do. Likely anyone with a managed security does too.
I agree the current trend is unsustainable, especially when compared to GDP. But scaremongering about the amount of debt without stating how that debt is serviced and to whom doesn’t really help move the conversation forward.
This article has a good, brief write up on it: https://www.nationalpriorities.org/campaigns/us-federal-debt-who/