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All this, and T-bills and bonds are really low...it doesn't make sense not to borrow...
All this, and T-bills and bonds are really low...it doesn't make sense not to borrow...
Glad we beat the hyper-inflation myth...
doubt it. myths are like zombies. they never really die and if they don't come true it can never be ruled out that they won't in the future.Glad we beat the hyper-inflation myth...
once it happens, it's no longer a myth, right?
CBO Projection: Budget Deficit to be Smaller than Previous Forecast
As it usually does each spring, CBO has updated the baseline budget projections that it released earlier in the year. CBO now estimates that if the current laws that govern federal taxes and spending do not change, the budget deficit in fiscal year 2014 will be $492 billion. Relative to the size of the economy, that deficit—at 2.8 percent of gross domestic product (GDP)—will be nearly a third less than the $680 billion shortfall in fiscal year 2013, which was equal to 4.1 percent of GDP. This will be the fifth consecutive year in which the deficit has declined as a share of GDP since peaking at 9.8 percent in 2009.
...
CBO’s estimate of the deficit for this year is $23 billion less than its February estimate, mostly because the agency now anticipates lower outlays for discretionary programs and net interest payments. The projected ulative deficit from 2015 through 2024 is $286 billion less than it was in February.
...
But if current laws do not change, the period of shrinking deficits will soon come to an end. Between 2015 and 2024, annual budget shortfalls are projected to rise substantially—from a low of $469 billion in 2015 to about $1 trillion from 2022 through 2024—mainly because of the aging population, rising health care costs, an expansion of federal subsidies for health insurance, and growing interest payments on federal debt.
Read more at http://www.calculatedriskblog.com/20...u4x7UxcYULc.99
double post
I presume everyone in here agrees that there is a number that is "too much debt".
The question is, what is that number?
I suspect I won't have to deal with that issue in my lifetime but that my kids will.
my priority is: too much underemployed/unemployed, then too much student debt, and too much underinvestment in new/old infrastructure.
the debt panic, it's nothing but VRWC/1% propaganda to screw the 99% now that the VWRC/1% has bought the govt policies than reduce their own taxes and increase their govt welfare.
Boutons is against student debt?
And Boutons says there is no federal debt number too big?
The Great Boutons says everybody should know why the federal debt is so big
like there is a difference between Republican debt and Democrat debt. It's all debt.
Wouldn't increased demand vs. supply mean they would be at a lower interest rate? If the interest rate was less than inflation, then it would be a good thing.
Bonds are not sold for the people. They are sold as a means of the US to borrow money. We need to get out of debt and buy them all back up. Can you explain to me why it is desirable to have this debt?
Are you being a lib , asking the government to protect you?
Low risk places to park money? How does that help the economy when money is "parked?" How does it help our status when we ow other nations so much?
Uhhhh...because they would have to tax those of us that work 100% of our income?
How about they just stop spending so much?
Stop redistribution of wealth, and start taxing more people instead of increasing tax rates?
Start charging tariffs again on imported items that we can make here. This would bring more living wage jobs here, rather than sending our money to other nations.
How about making illegal immigrants start to self deport by making it next to impossible to work without the proper do entation? Look at all the starter jobs High School and college kids no longer have.
How about starting to instill responsibility again. Refuse to accept so many social cases without some method of future mitigation.
How bout the easter bunny brings you a sack full of Krugerands?
LOLWUT? Where did you get this made up version of history?
WC is still pissed at Clinton who was in charge when DoD implemented the post-Cold War peace dividend of reducing forces and closing bases.
Only Smart people know.
I started buying Krugerands in high school. Those little ers come in handy.
One word...BitconsI started buying Krugerands in high school. Those little ers come in handy.
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