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Post by Sigurdur on Jun 3, 2024 3:14:33 GMT
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Post by code on Jun 18, 2024 19:43:03 GMT
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Post by ratty on Jun 18, 2024 22:54:45 GMT
Does that dog have teeth? |
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Post by Sigurdur on Jun 18, 2024 23:25:45 GMT
We wish
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Post by nonentropic on Jun 19, 2024 19:08:10 GMT
For context the nominal size of the economy will also be 50% larger inflation and modest growth are your friend.
However given that the current debt is $33T I would expect the $50T to be an underestimate or the CPI adjusted debt.
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Post by Sigurdur on Jun 21, 2024 1:20:04 GMT
For context the nominal size of the economy will also be 50% larger inflation and modest growth are your friend. However given that the current debt is $33T I would expect the $50T to be an underestimate or the CPI adjusted debt. The rate of growth in the US National Debt is so fast that economic growth pales. |
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Post by Sigurdur on Jun 21, 2024 17:20:12 GMT
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Post by glennkoks on Jun 22, 2024 1:52:42 GMT
Our debt is growing by a trillion every 100 days . That's over 3.5 trillion per year. 10 years would be an additional 35 trillion at that pace. But the pace will increase from the weight of unfunded liabilities and the cost of servicing that debt. I think a more realistic number is 60 trillion by 2034. More if we have a black swan event or deep recession and have to print our way out of it... |
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Post by gridley on Jun 22, 2024 12:53:08 GMT
Wow, maybe we need four more years of Bidenomics to fix things!
Sadly, I'm quite sure Trump won't be able to fix things either. Of course I'm not sure there's anyone who could at this point.
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Post by Sigurdur on Jun 22, 2024 13:08:38 GMT
Wow, maybe we need four more years of Bidenomics to fix things!
Sadly, I'm quite sure Trump won't be able to fix things either. Of course I'm not sure there's anyone who could at this point.
Sad thing is, the issue COULD be addressed. It would require an increase in taxes and a freeze in spending. The result would be lower interest rates which would reduce servicing cost. Continuation of present trend is economic suicide. |
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Post by glennkoks on Jun 22, 2024 19:53:07 GMT
Wow, maybe we need four more years of Bidenomics to fix things!
Sadly, I'm quite sure Trump won't be able to fix things either. Of course I'm not sure there's anyone who could at this point.
Sad thing is, the issue COULD be addressed. It would require an increase in taxes and a freeze in spending. The result would be lower interest rates which would reduce servicing cost. Continuation of present trend is economic suicide. Absolutely still fixable. Stop digging the hole combined with small incremental increases in taxes would work wonders. I am as conservative as the come and I don't like paying taxes any more than the next guy but when you look at the taxation rates after WWII compared to now we have it easy... |
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Post by code on Jun 23, 2024 18:25:31 GMT
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Post by Sigurdur on Jul 30, 2024 13:12:28 GMT
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Post by code on Jul 30, 2024 16:31:55 GMT
Wow, maybe we need four more years of Bidenomics to fix things!
Sadly, I'm quite sure Trump won't be able to fix things either. Of course I'm not sure there's anyone who could at this point.
Sad thing is, the issue COULD be addressed. It would require an increase in taxes and a freeze in spending. The result would be lower interest rates which would reduce servicing cost. Continuation of present trend is economic suicide. I agree an increase in taxes would help, and a redo of the tax code from top to bottom would really help. And while I agree some segments of the budget should be frozen, I think some should be cut, and some increased. |
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Post by missouriboy on Jul 30, 2024 18:41:42 GMT
Like 50% of the Federal Government's line agency employment? Most would never be missed after a few months.
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