The government is spending monies like there is no tomorrow. America is trillions of dollars in debt, yet the spending continues. When will the government exercise caution in spending? What steps do YOU believe that the government should take in reducing their spending or do you think that the government will continue to spend haphazardly until there is a severe financial crash?
I've watched and studied this process for the last 15 years. But nobody believes me, nope.
Yep, I can’t disagree with you there; general economic consensus (World Bank) is that a ratio of ‘debt-to-GDP’ that exceeds 77% for an extended period of time may result in an adverse impact on economic growth.
Currently the USA debt-to-GDP ratio is 123.6%, it peaked in 2021 at 137.2%.
The UK is doing marginally better at 102.8%; the second lowest in the G7; the EU average is a lot better (but still too high) at 88.2%.
So one way or another, it looks as if the whole industrialised world (wealthy nations) as going to have a rough, and perhaps dumpy, few years.
by Grace Marguerite Williams 11 years ago
Sometimes YOU simply camnot fathom what come out of people's mouths. There are some people who say things that are dowright medieval. Some people just seem to "delight" US with their neanderthal thinking. Name some instances of backward thinking.
by Tim Mitchell 6 months ago
From Riches to Rags: Causes of Fiscal Deterioration Since 2001 by Committee for a Responsible Federal Budget (Jan 10, 2024) says;https://www.crfb.org/papers/riches-rags … ation-2001 [Who in the hell are those people. There about page is at the next link.]https://www.crfb.org/staff-members“In...
by Ralph Deeds 11 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess how the most intense crisis to have shaken the industrialized economies since the...
by Sharlee 14 months ago
Please note this statement from Fitch does not make mention of Donald Trump. Fitch announced Tuesday it has officially downgraded the United States'RATING ACTION COMMENTARYFitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook StableTue 01 Aug, 2023 - 5:13 PM...
by Credence2 20 months ago
I stumbled upon a recent article the excerpt of it is below:The former chair of the Republican National Committee (RNC) has a blistering response to Rep. Marjorie Taylor Greene's, R-Ga., recent remarks about debt.According to HuffPost, Michael Steele was not pleased with Greene's adamant pushback...
by qwark 13 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now, consider 1000 times a billion: a trillion... and try to visualize our national...
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