Here is an interesting discussion of the deficit. The idea is we cannot keep this spending forever, I would say it is like the Chinese real estate crash, eventually it crashes down. I hope it last for 30-40 years, I don't think I would care after 40 years.
It's not that hard. I've mentioned almost everything that guy in the vid said with links from the CBO, regional feds and mainstream biz papers. All it has is weird played out insults and comically poor reading comprehension.
Anyhow, I'm guessing the media will report more about the deficit now that Trump is in charge. People won't care about the details as long as they're getting paid and inflation is low. Tricks for keeping wealth effects high and stimmy checks in the mail will keep most people dumb and stupid as long as the former is met.
Trump will be POTUS in another 1.5 months. anyway, relative to Biden/Obama, Trump 1.0's deficit spending received ~~ the same coverage from the media btw, since W, every POTUS has spending more than the predesser Obama deficit was larger thant W Trump 1.0 deficit was larger than Obam Biden deficit was larger thant Trump 1.0 Trump 2.0's deficit will be larger than Biden's
it has been very hard for you, case in point the meaningless rhetoric that you parroted the Fed is wrecking its balance sheet,
as it relates to the US, whose currency has been the de facto global currency reserve post-WW2, the top 3 top economic agenda are GDP growth, augmented by low unemployment stable prices
you parroted the meaningless rhetoric that the Fed is wrecking its balance sheet, pretending as it it is an expert commentary i asked you to elaborate w specifics , you're unwilling / unable to do so
I wrote that years ago where I also mentioned it doesn't count. You couldn't understand. If you want to stay on that, whatever floats your boat. Enough about me. After 4 straight replies, do you have any original thoughts of the video?
Enough about me. After 4 straight replies, do you have any original thoughts of the video? Of course you don't. How is replying to you not a waste of time?
That's a good Boomer mentality right there. **** the kids and grandkids...which I can't see anyway because my kids and grandkids hold me accountable.
I cannot see anyway out of this situation until it crashes at some point, all I can hope is i don't see it. No way this gets done under the current system. of GOP and Democrats.
Debt in general if managed correctly is perfectly fine and in terms of a country debt yes you want to deficit spend to expand your economy. The issue with it growing too large is vulnerability that it poses if incompetence or bad intentions come into play with leadership. The concerns are having a deficit that is larger than Japan’s percentage was a few years ago and then having idiots come in to run the fed or having an arsonist as president come in where it shakes the global market to the point where trade stops, the dollar plummets, and unemployment skyrockets. You can add the deficit to the long list of vulnerabilities we have as a country that are susceptible to the risk of the American people voting in idiots or bad actors. Otherwise it’s not something Americans should lose sleep over on a nightly basis. Our economy is large enough to manage the debt we have now. How much more can we add before there is a tipping point where we are shrinking as an economy and our debt is ballooning… not sure there is an exact number. It’s more of a quarter to quarter thing the fed needs to evaluate, and make small changes over time like rational professionals.
Nobody is going to risk the economic cost of fixing of the problem. It is why DOGE won't be effective. It is why all the information that CBO provides isn't effective. Pulling nearly $2T out of the economy is going to be noticed to an extreme level. And we're almost certainly faced with reduced revenues with continuation of Trump tax cuts plus further reaching tax breaks.
Again. Boomer mentality. We’re in debt, climate is ****ed and the other countries that normally toed the line are running around doing crazy ****. But **** it, we won’t live to see the worst of it. Let our entitled kids deal with it. While they’re broke and hungry. We good, we got two houses, investments paying off like crazy and our glorious leader is back in power It needs to be fixed now. I plan on living a loooong time and I love my kids. …but it may all just come to a boiling point soon anyway, which is what most people need. Pain is the best motivator.
The only solution I ever see that will work is from Warren Buffet, pass a law that if congress don't fix the deficit problem, no one currently in congress can be reelected, but that will only come after the system is crashed at some point.
I don't think we have the available means to fix it. The underlying problem seems structural. That guy in the vid mentioned productivity losses, which happens when your largest demographic starts to retire (around 2008 when the earliest turned 62...) and everyone else has to foot entitlement costs with higher ratios per recipient....Except with 34T+ in debt, future generations have to pay it off or at least make it managable. America is not the worst off either as we have illegals swarming our berders cheaply financing social security and income taxes that they will never see with their fraudulent ids. I could go on about this, but why bother with cursed knowledge. Just gotta prepare for the worst and hope you're right more than not when the world finally figures it out without fighting.
