MoveAlong · 70-79, M
Nothing to worry about. This is a quote from Trump just last month during a meeting with Saudi Crown Prince Mohammed bin Salman:
"Twenty-one trillion dollars will be the amount invested in the United States — or committed to invest — in one year."
Of course no one seems to have seen a dime of that money.
"Twenty-one trillion dollars will be the amount invested in the United States — or committed to invest — in one year."
Of course no one seems to have seen a dime of that money.
CountScrofula · 41-45, M
Debt doesn't really work like that since the debt is almost entirely borrowed from the US itself. If the GDP is stable and the credit rating is good, you can be in debt permanently. The entire British empire was built on debt. US debt was WAY worse for WWII but the economy caught fire in the postwar period and it was fine. The Republicans know that debt is basically free money, and so campaign on cuts then cut revenue and spend recklessly.
The issue is uh, the GDP is not stable. The US credit rating is not good. Many major sectors are suffering and most of the thriving ones are based on speculation like AI. If things crash, the US may not dig itself out of the hole like it did in 2008 because literally nothing is being done to keep the runaway problems in check.
The issue is uh, the GDP is not stable. The US credit rating is not good. Many major sectors are suffering and most of the thriving ones are based on speculation like AI. If things crash, the US may not dig itself out of the hole like it did in 2008 because literally nothing is being done to keep the runaway problems in check.
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Tracos · 51-55, M
It's not the the people who are in debt and the us government that can cash in
It's the us government that's owing the money to pension plans and national and foreign banks
The recent massive loans actually downgraded the us credit rating, increasing the interest rate at which the us can borrow money
https://www.pgpf.org/article/with-38-trillion-in-debt-is-the-u-s-headed-for-more-credit-downgrades/
It's the us government that's owing the money to pension plans and national and foreign banks
The recent massive loans actually downgraded the us credit rating, increasing the interest rate at which the us can borrow money
https://www.pgpf.org/article/with-38-trillion-in-debt-is-the-u-s-headed-for-more-credit-downgrades/
Tracos · 51-55, M
@Just4fun well... part of the fun will be the inflation... it reduces the value of money and that includes the value of debts... so inflation is good for governments that dont shy from building debts. which leaves the middle class struggling to get by as the value of their disposable income gets them less value for their money
Spotpot · 46-50, M
Debt will soaar under Trump it alwayes do.
Tracos · 51-55, M
@Spotpot it will probably really take off under the next president... debt interest kind of has a delayed hocky stick effect when the repayments need to start happening, which is typically over 5 to 10 years
spending and cost cutting is easy... budgeting and investing long term is hard
spending and cost cutting is easy... budgeting and investing long term is hard
