While I am sure we two will disagree about things form time to time, what peeves me is that -- as in post 39 -- Poland's GDP-to-debt ratio is about 50 percent, while this United States is at 122 percent and growing. Widening to include more data, Germany's GDP-to-debt ratio is about 67 percent, while France, to put things in balance, is about 112 percent. Everyone's in bloody debt and the notion of "acting" in the war between two currently non-NATO nations is lunacy, all the high-sounding chatter notwithstanding.
Russia's -- and I don;'t care what various opinions, positive or negative are -- stands currently at circa 18 percent GDP-to-debt ratio. So whatever comes from this latest world event, the economic piper will come to call for each. Being her in the US, my focus is on that 122 percent of GDP ratio as a comment by a Pole seems to expect us and this US to go into deeper debt -- SO THEY FON'T HAVE TO.
Trump's remark about the cost of the new NATO headquarters, alone, set off alarms that the Europeans were playing us. And courtesy of the Biden-Obama neocons, they are playing us to. Neocons and their United States sized credit card....
To go deeper into debt “so they don’t have to”?
you have no clue. The countries of Central Europe have massive costs due to Russia’s invasion of Ukraine. Inflation here has been at 17% for the past 1.5 years compared to 2% or less before that. Plus the refugees from Ukraine - about a million have been given a heck of a lot of aid + housing etc.
Of course, Poland should do that as this is the invasion of a neighbor. And the USA is doing wonderful work helping Ukraine.