[readthenotes1]

"China is building for the future, "

Meanwhile, the USA is paying for its past excesses, with interest on its debt being the number two most expensive line item in the budget.

https://fiscaldata.treasury.gov/americas-finance-guide/feder...

[DennisP]

If you look at total debt instead of just national government debt, then China is even worse off than the US.

Article in Fortune: https://archive.is/53Vu0

[quantum_state]

In the last 40 years, China has been building while the US has been wasting money and lives fighting wars. Can we learn to really put America first for once?

[readthenotes1]

40?? America has been messing with other countries during most of its life.

Sure, taking out the Tunisian pirates was a good thing for most of the world, but it's a bad precedent...

[delfinom]

Yea, I really don't see how much longer the US economy can hold on. The baby boomers are working overtime to rob multiple future generations of opportunity to feed their profits now.

The formerly "fiscal conservatives" that I know are working overtime explaining how the debt isn't a bad thing and we can just move numbers.

[xienze]

> The formerly "fiscal conservatives" that I know are working overtime explaining how the debt isn't a bad thing and we can just move numbers.

Sounds like they're just catching up to what Democrats always used to say whenever a Democrat was in the White House and some Republican would complain about the national debt. "A government isn't a household, debt doesn't work the same way, you don't get it."

[59nadir]

That's interesting, because I thought it was common knowledge that Republican presidents actually add more on average to national debt...?