I would really like to hear some reasoned content from our board leftists.
I heard it reiterated again today that debt is increasing faster than growth in the economy. Let's assume that Democrats have control next year. Where does this go? Debt continues to climb but the real economy lags behind. At some point that leads to a collapse. What does the collapse look like?
I'd like to hear from @Catch50 in particular. What is in your crystal ball? Be specific. Money that you spend/pay has to come from somewhere. Where? If you print it that's just inflation.
Right now there are trillions out there in money markets which I would expect at some point to be in bonds. The Treasury will issue only short duration debt and pay no interest on it, because the government cannot afford to pay interest. Debt is increasing faster than growth.
My prediction is hyperinflation, which will wipe out the savings of middle class Americans and put a lot of people out of work. It will impoverish tens of millions of retirees.
I heard it reiterated again today that debt is increasing faster than growth in the economy. Let's assume that Democrats have control next year. Where does this go? Debt continues to climb but the real economy lags behind. At some point that leads to a collapse. What does the collapse look like?
I'd like to hear from @Catch50 in particular. What is in your crystal ball? Be specific. Money that you spend/pay has to come from somewhere. Where? If you print it that's just inflation.
Right now there are trillions out there in money markets which I would expect at some point to be in bonds. The Treasury will issue only short duration debt and pay no interest on it, because the government cannot afford to pay interest. Debt is increasing faster than growth.
My prediction is hyperinflation, which will wipe out the savings of middle class Americans and put a lot of people out of work. It will impoverish tens of millions of retirees.
