[celeritascelery]

While the EU welfare is not that much larger than the US (maybe 5% more of GDP), the US also has much more money, a larger portion of the population working, and higher population growth. They also have the technical and business knowledge in tech that the EU lacks (e.g. silicon, rocketry, hyperscalers, etc).

[jonkoops]

It also has an ever-increasing amount of debt and an aging population, e.g. the US is expected to spend more than $1 trillion a year on the interest on the debt itself, or $7,800 per household per year.

[sajithdilshan]

from where did you get that number? What is the source?

[ragazzina]

https://fred.stlouisfed.org/graph/?g=ViPH

https://en.wikipedia.org/wiki/National_debt_of_the_United_St...