The U.S. borrowed $50B a week for the past five months, the CBO says

Am I supposed to take away from these plots that we are all good since it's been steadily above the prior record in 1940 since 2020? Or is everything okay since it was really going up and it did course correct to a bit more of a straight line recently?

The article seems to be communicating that this rate of spending is not sustainable.

mirror:

https://archive.ph/N4tZ9

The article has more details than just the headline. For example:

> Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB), said that interest payments on the debt are expected to exceed $1 trillion this year, and will surpass $2 trillion by 2036.

That’s very concerning. There’s no plan to run balanced budgets and stop deficits. And no plan to reduce debt. And no plan on economic competitiveness against China. American politics is mostly dominated by irrelevant things that won’t fix the fundamental problems that will come to affect us in the future.

The real question is what percentage of GDP is directly created (or continues to exist) because of the increased debt. When this metric was created the GDP was more authentic and not debt driven.

That looks pretty bad, and getting worse.

The article literary addresses this:

> Economists aren’t necessarily worried by the total level of debt (in fact, government debt is a necessary foundation of global markets). Rather it’s the debt-to-GDP ratio, which measures a nation’s borrowing against its growth