Federal Debt Levels

20 Sep 2024 09:00 #1 by FredHayek


I wish I could say this will be cured if we elect the Republican nominee but both candidates are promising to spend record amounts.
Us in our 50's and 60's will most likely see debt levels rise to 100 trillion dollars if spending stays at the same rate.

How much of our GDP will get sucked into just paying the interest on this debt?

#unsustainable

It was one thing to spend this during the Covid-19 years, but no excuse to not start trimming now.

Thomas Sowell: There are no solutions, just trade-offs.
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20 Sep 2024 10:06 #2 by homeagain
Replied by homeagain on topic Federal Debt Levels
trends....regardless of who wins (when the final numbers have been released,oh WEEKS after the election),the trend/transit shows a recession will be imminent. The flashing lights r inconsistent,BUT next year I would NOT expect a "good grade:" for the economy....JMO

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