• The US economy

    From Lee Lofaso@2:203/2 to Wayne Harris on Tue Apr 16 07:49:13 2024
    Hello Wayne,

    At least he has a bunker to go to. For now.

    Yes. And he's got a lot of military hardware to protect him there
    down in the bunker that he only visits for inspection?

    But how does he explain how the US people, who now is indebted at
    $80k each -- babies all the way to 100yo alike? How many years will it
    take for USA to repay such a humongous debt?

    Are you talking about the US public debt of 21 trillion?

    "Deficits don't matter." ~Dick Cheney

    Deficits and debt are two very different things. When a person
    finances a house, he/she gets to use the house during the period
    he/she is paying for it. Same for other products, such as a car.
    As such, it is not unusual for an individual to be in debt.

    Deficit spending is something else. Due to the insane policies
    of the Trump administration, it is going to take forever for this
    country to dig its way out. In fact, we could become a third world
    country within a relatively short period of time.

    --Lee

    --
    Get Her Wet Here

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