|
|
Post by Sigurdur on Mar 3, 2024 0:11:11 GMT
No, it certainly doesn't
|
|
|
|
Post by Sigurdur on Mar 5, 2024 15:41:35 GMT
|
|
|
|
Post by ratty on Mar 5, 2024 22:33:33 GMT
|
|
|
|
Post by Sigurdur on Mar 23, 2024 23:45:30 GMT
|
|
|
|
Post by blustnmtn on Mar 24, 2024 21:28:16 GMT
We all should by stock in printing presses.
|
|
|
|
Post by Sigurdur on Mar 26, 2024 15:47:21 GMT
www.cbo.gov/system/files/2024-03/59711-LTBO-Executive-Summary.pdfThe Long-Term Budget Outlook Deficits In CBO’s projections, the total federal budget deficit increases significantly in relation to gross domestic product (GDP) over the next 30 years, reaching 8.5 percent of GDP in 2054. Since the Great Depression, that level has been exceeded only during and shortly after World War II and during the 2007–2009 financial crisis and the coronavirus pandemic. That growth results from rising interest costs and large and sustained primary deficits, which exclude net outlays for interest. Those deficits average 2.2 percent of GDP over the 30-year period; over the past 50 years, they averaged 1.6 percent of GDP. Projected primary deficits are especially large given the forecast of low unemployment rates
|
|
|
|
Post by Sigurdur on Mar 26, 2024 16:55:37 GMT
|
|
|
|
Post by duwayne on Mar 26, 2024 20:47:28 GMT
www.cbo.gov/system/files/2024-03/59711-LTBO-Executive-Summary.pdfThe Long-Term Budget Outlook Deficits In CBO’s projections, the total federal budget deficit increases significantly in relation to gross domestic product (GDP) over the next 30 years, reaching 8.5 percent of GDP in 2054. Since the Great Depression, that level has been exceeded only during and shortly after World War II and during the 2007–2009 financial crisis and the coronavirus pandemic. That growth results from rising interest costs and large and sustained primary deficits, which exclude net outlays for interest. Those deficits average 2.2 percent of GDP over the 30-year period; over the past 50 years, they averaged 1.6 percent of GDP. Projected primary deficits are especially large given the forecast of low unemployment rates This budget forecast is pretty scary, but believe it or not, things are looking a little better (still not good) than the prior projection due to the Republican-led “Fiscal Responsibility Act of 2023” and the “Further Continuing Appropriations and Other Extensions Act, 2024.”
The next big step toward fiscal responsibility, in my opinion, should be dealing with the huge growing Social Security/Medicare deficit. Extending the time to retirement isn’t appealing to the workforce. But it is a necessity to make sure funds will be there for your hard-earned pension when the time comes.
I have found my Representative to be receptive to “lobbying” for fiscal responsibility. He is taking some actions and I think he appreciates the recognition and support.
|
|
|
|
Post by Sigurdur on Mar 27, 2024 0:29:21 GMT
|
|
|
|
Post by Sigurdur on Apr 1, 2024 14:54:42 GMT
|
|
|
|
Post by Sigurdur on Apr 3, 2024 19:06:08 GMT
|
|
|
|
Post by blustnmtn on Apr 3, 2024 23:22:38 GMT
Pretty difficult to buy votes with that prescription Sig. |
|
|
|
Post by Sigurdur on Apr 3, 2024 23:27:30 GMT
Pretty difficult to buy votes with that prescription Sig. It would potentially buy a lot of young voters votes. |
|
|
|
Post by missouriboy on Apr 4, 2024 12:53:18 GMT
Pretty difficult to buy votes with that prescription Sig. It would potentially buy a lot of young voters votes. Hope you're right (on average) about Gen Z Sig. Four generations ago the equivalent generation (according to Turning theory) was born during the years of the Great Depression and WWII. Gen Z ain't seen nothin yet ... but may be sensing it. Someone needs to show them a future they can believe in. And wean them away from Moronism, which us Boomers started in mass.
|
|
|
|
Post by code on Jun 2, 2024 20:13:25 GMT
|
|
