Unsustainable debt will ripen sluggish economic growth: Dallas Fed president

SIGforum

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April 18, 2018, 01:29 PM

Sigmanic

Unsustainable debt will ripen sluggish economic growth: Dallas Fed president

Sounds like some chickens may be coming home. It's not like there haven't been any warnings and you can kick the can only so many times.

https://www.foxbusiness.com/ma...dallas-fed-president

April 18, 2018, 01:49 PM

Scoutmaster

quote:
. . . He said an aging workforce and sluggish productivity growth were factors, but also raised concerns about the nation’s trillion-dollar budget deficit.

“The stimulus from increasing debt to GDP, which this recent legislation did, can turn into a headwind because we think we are on an unsustainable rate of debt growth in the United States,” he said. . . .

A portent of stormy weather -- aging workforce, sluggish productivity, increasing debt/deficits. I might add an increasing portion of the population who rely on/demand from the gov't for their daily bread.

"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

April 18, 2018, 01:56 PM

roberth

quote:
Originally posted by Scoutmaster:
quote:
. . . He said an aging workforce and sluggish productivity growth were factors, but also raised concerns about the nation’s trillion-dollar budget deficit.

“The stimulus from increasing debt to GDP, which this recent legislation did, can turn into a headwind because we think we are on an unsustainable rate of debt growth in the United States,” he said. . . .

A portent of stormy weather -- aging workforce, sluggish productivity, increasing debt/deficits. I might add an increasing portion of the population who rely on/demand from the gov't for their daily bread.

Scoutmaster, that is not a pretty picture.

April 18, 2018, 01:57 PM

jhe888

Will we become a latter-day Brazil with debt we can't handle and weak growth?

Hard to see how it isn't a real possibility.

But all the pols keep spending and borrowing. No one will challenge the spending juggernaut. I can't blame them, in a way, as the voters have proven time after time that every voter's and every party's sacred spending cows cannot be touched without losing office.

April 18, 2018, 03:41 PM

chellim1

quote:
But all the pols keep spending and borrowing. No one will challenge the spending juggernaut. I can't blame them, in a way, as the voters have proven time after time that every voter's and every party's sacred spending cows cannot be touched without losing office.

And so they 'pretend and extend'.
It's all good.... until one day it's not.
That day is coming. Any rational person knows it.

"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