Actually it is the reason pundits reckon the Biden administration has done a good job. Notice the inclusion of the word administration. You see it's not all down to him. He just leads it.
Biden actually is the name at the top of the heap. Have a look yourself boyo. It's true. Great economy, jobs at an all time high - all down to a dribbling old duffer.
Go Biden!
From whayt I've seen Biden hasn't been oo bad, but their debt grows. It's like an animal getting fat because it's eating its tail. You can't keep doing that but nobody has an answer.
Every month(?) the US has a Bond Auction. When not enough bonds are sold (eg to the CHinese) there's panic and the markets take a step down. So far they've been small, but a big one could happen any time. Then what? I don't know but it wouldn't be pretty.
Trump claims that he was marvellous, but analysts don't agree. Everyone lies and there genuinely are special circumstances.
I did look at that recently and it's ok. It has to be related to GDP. LOL The modern way. It's been modern for rather a long time now. Initially the % that was ok was much lower but it eventually ended up at near 100%. It's a case of changing the rules to suite. Trade gaps were the god once. Some countries just can't maintain them as they need to be. The Scandinavian countries appear to differ last time I looked which wasn't that long ago. One country is more erratic on debt and has more problems maintaining it's trade gap. Their taxation is different as well.
A Tory comment in Mrs T's day - can't run an economy by selling hamburgers to each other. Well we and some others do.
Now we hear the term fiscal rules. Essentially what's that? Looking at debt behaviour over the next 5 years and considering the margin that allows debt to be at some level.Inflation ideally needs to be controlled