LAURENS WRIGHT profile image 79

Do you feel that the US can continue going into debt to fund the present or must tackle the problem?

It seems that the US is kicking the can down the path and borrowing money to just keep up with the programs it now has. It seems that cutting programs and money will cause the economy to sink even lower, but continuing programs will cause ever increasing taxation problems leading to the problems of people not having money to spend and invest. What do you feel that the answer is? What would you do in your house-hold if you are over-taxed, under-income, over-burdened with debt or have lost your income ? Do you feel that people should get free handouts for not contributing to society ?

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Angela Blair profile image87

Angela Blair says

3 years ago
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junkseller profile image91

junkseller says

3 years ago
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LandmarkWealth profile image87

LandmarkWealth says

3 years ago
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  • LandmarkWealth profile image

    LandmarkWealth 3 years ago

    Incidently, in case anyone wanted to know, the asset purchases of mortgage backed securities by the Federal Reserve is actually a violation of the Federal Reserve Act. (Section 14B). Seems like nobody is enforcing the law these days.