Originally posted by Sig209: the good: our population is growing. . .
Yes the population is growing. How many of those are net tax payers, vs how many are net tax consumers? Given the increasing socialistic economy, a growing population could add fuel to the pending storm.
"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944
Posts: 30668 | Location: UT | Registered: November 11, 2003
Posts: 9529 | Location: Somewhere looking for ammo that nobody has at a place I haven't been to for a pistol I couldn't live without... | Registered: December 02, 2014
Originally posted by Sig209: the good: our population is growing. that bodes well for total economic activity. Japan's population shrank and it CRUSHED their economy for decades
the bad: fiscal discipline does not appear to be on ANY politician's radar at this point.
Japan's population has a strong work ethic. Increasing our population won't have the same positive effect.
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NRA Life Member Member Isaac Walton League
I wouldn't let anyone do to me what I've done to myself
Posts: 1512 | Location: NoVa | Registered: March 14, 2009
Ok sasquatch28, that's on my reading list for tomorrow. (As you implied, it's not a quickie).
"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944
Posts: 30668 | Location: UT | Registered: November 11, 2003
No, but have no clue when the big financial collapse will come and who will be the winners and who will be the losers among us common folk. Their is zero accountability for those running up the debt who just want political power and kick the can down the road . Democrats are positioning themselves to take advantage of an economic collapse by being the ones who promise "fairness and equity" which in reality means misery for everyone but the ruling elite . Sadly so many do not learn from history what such false prophets will bring.
This is a really good read for the explanations and history. Predictions are a bit waffle-ish, but so are all of them. "we might see inflation, but we might not"
Posts: 3350 | Location: IN | Registered: January 12, 2007
40% of all the money ever created in the US has been in the last 2 years.
The problem is not revenue it’s a spending problem. The budgets are wildly pork laden. Revenue is expected to be 3.3 trillion this year. Revenue has been well over 3t a year since 2014. I would post that this country could handle some austerity and go back to the budget of just 2010 and be balanced and we would be fine.
In just a decade the debt has gone from 13T to 23T. If and when rates go up the debt service alone will be a major issue. The fed and the gov have a serious problem and they need to keep these rates low forever.
Originally posted by ElToro: 40% of all the money ever created in the US has been in the last 2 years.
The problem is not revenue it’s a spending problem. The budgets are wildly pork laden. Revenue is expected to be 3.3 trillion this year. Revenue has been well over 3t a year since 2014. I would post that this country could handle some austerity and go back to the budget of just 2010 and be balanced and we would be fine.
In just a decade the debt has gone from 13T to 23T. If and when rates go up the debt service alone will be a major issue. The fed and the gov have a serious problem and they need to keep these rates low forever.
Example, my household received over $4k in 2020 that we neither needed, nor wanted. It is sitting in my checking account as 'we'll buy a new TV, once they restock from the other idiots'. I know some people needed some help & I'm sure they appreciated it. What would have been better was targeted help through all the other ways we have to provide it. But that would have taken effort for our fearless 'leaders'.
Posts: 3350 | Location: IN | Registered: January 12, 2007
In just a decade the debt has gone from 13T to 23T. If and when rates go up the debt service alone will be a major issue. The fed and the gov have a serious problem and they need to keep these rates low forever.
Yep. Historically, 6% would not be considered a high rate of interest. If/when interest rates go back to that level servicing the debt will become a major problem.
quote:
The only thing keeping the USD worth anything is our military.
That is true. When we can no longer afford to sustain the world's preeminent military, the dollar will no longer be the world's reserve currency.
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown
"The United States government is the largest criminal enterprise on earth." -rduckwor
Posts: 24852 | Location: St. Louis, MO | Registered: April 03, 2009
Non-discretionary spending is the real problem. Sure, pork, foreign aid, handouts, Congressional salaries, etc. get the blood pressure up. But that's discretionary spending and is an ever shrinking percentage of federal spending. Entitlements are what will bankrupt us. You could eliminate ever penny of discretionary spending, basically the whole gov't., and it wouldn't correct the kamikaze course entitlement spending has us on.
Posts: 3813 | Location: Cave Creek, AZ | Registered: October 24, 2005
