Nice try. Under Trump the inflation was manageable and the price at the pump was as much as half it is today. Trump's dream, in part, for middle class American not to get screwed.
--- "Did you know that there are 11 nations giving more to Ukraine than the USA, as percentage to GDP?"
Yes, I did know that. My interest is not in Latvia or Denmark or France. My interest is in the USA.... Again....
Here is the trajectory we Americans are on, as we lavish money we don't have on a non-NATO war we pretend is just a proxy war and are financing with more and more debt....
2000 -- 5,674 trillion USDOur national debt nears $33 trillion, with a stated federal budget deficit of $1.4 trillion, as of August 2023 it costs more than $726 billion to maintain the debt, which is 14% of the total federal spending. These three massive NEGATIVES debt, deficit spending and interest costs are becoming a critical issue.... ...to be ignored..... by you.
2005 -- 7,933 trillion USD
2010 -- 13,562 trillion USD
2015 -- 18,151 trillion USD
2020 -- 26,945 trillion USD
2022 -- 30,928 trillion USD
2023 at the end of August -- 32,724,446,243,576 USD and rising fast
But since you want to play the GDP ratio game, here's your list of 11 nations "giving" to the Ukraine war... Only this time we'll use GDP to debt, not GDP to Ukraine assistance. So....
Estonia GDP to debt ratio -- 18.40 percentLools to me like your eleven nations can dig a little deeper until they all have a GDP to debt ration of 129 percent. Use their credit cards....Latvia GDP to debt ratio -- 40.80 percent
Lithuania GDP to debt ratio -- 38.40 percent
Poland GDP to debt ratio -- 49.10 percent
Slovakia GDP to debt ratio -- 57.80 percent
Denmark GDP to debt ratio -- 30.10 percent
Norway GDP to debt ratio -- 37.40 percent
Finland GDP to debt ratio -- 73 percent
Netherlands GDP to debt ratio -- 57.06 percent
USA GDP to debt ratio -- 129 percent
I'm not going to ask, "did you know that?" If you didn't, you should have better prepared your argument with the simplest of research. If you did, you palmed an ace. Either way....
Just for clarification, don’t you mean “debt to GDP”?
“But since you want to play the GDP ratio game, here’s your list of 11 nations “giving” to the Ukraine war... Only this time we’ll use GDP to debt, not GDP to Ukraine assistance. So....”
>>>>>>>>>>>>>>>>>>>>>>
I appreciate your effort... but saying that America should not help its allies from Russian invasions because we have a high GDP to debt ratio of 123% doesn’t hold up.
Indeed, the “high GDP to dept ratio” is a political choice Republicans and Democrats have always pushed for. Why?
Because it gives:
Economic Strength and Diplomatic Leverage = Power!
Concerning the USA, a high GDP-to-debt ratio indicates that the country’s economy is generating significant output relative to its debt burden. This suggests economic strength and resilience, which enhances America’s influence on the international stage.
America CAN play this game because every region in the world relies on the US dollar for trade. It’s a formidable force!
So... as I explained above, America has a high 123% GDP-to-dept ratio based on a bipartisan CHOICE. America wants to influence the world because its tends to be profitable - especially in the long run.
Let’s not forget that America became an economic super-power based on WWII and based on that very policy of “influence”.
Reagan was a master at it, and that’s why I’m a profound supporter of Reaganism. Reganism crushed the communist Soviet mad-house. That made America even stronger.
When Russia will lose its nonsensical war against Ukraine, it will strengthen America, once again (!), just like America was strengthened when it won the cold war.
And now this:
Historically speaking, countries with low GDP to dept ratio are generally bad in influencing others on the international stage in a durable and stable way...
I was shocked the other evening when I heard one of the Republican presidential candidates say that President Trump had increased the national debt by nearly $8 trillion. When I Googled this question, I found that indeed it was close to that figure and was compared for a 4 year presidency with a similar figure for Obama in 8 years. Another link suggested this was about 25% of the entire national debt.
With regard to Trump gasoline prices, while they were very nice as a bargain, they also were so low it became impossible for some oil companies to continue pumping and the per dollar figure a barrel went too low. It took so long for some pumpers to reduce or stop pumping that for a few days there was no more storage space, and companies were actually paying for people to take away their excess production. Now that per barrel prices are again around $80 places like North Dakota can once again make money by pumping. Unfortunately, it has been so hot in some refining states they have shut down refining. Thus, this past month’s gas price increases. 95 degrees appears to be the critical temperature and Texas and other locations have exceeded that temperature enough to reduce the supply of refined gas. Since Global Warming is a hoax, this should not be such a problem in the future.