Debt > Economy
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wrote on 9 Sept 2020, 22:27 last edited by
The Congressional Budget Office says the deficit will hit $3.3 trillion this year. The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.
https://reason.com/2020/09/02/americas-national-debt-will-be-larger-than-the-economy-next-year/
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wrote on 9 Sept 2020, 23:04 last edited by
stop spending
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wrote on 9 Sept 2020, 23:18 last edited by
At this point, it’s so broken you may as well “spend it like you stole it“...
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wrote on 10 Sept 2020, 02:56 last edited by
Unless we cut spending the only way out is inflation.
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wrote on 10 Sept 2020, 03:09 last edited by
@Mik said in Debt > Economy:
Unless we cut spending the only way out is inflation.
Hope I can get a low mortgage next Spring before inflation hits.
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The Congressional Budget Office says the deficit will hit $3.3 trillion this year. The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.
https://reason.com/2020/09/02/americas-national-debt-will-be-larger-than-the-economy-next-year/
wrote on 10 Sept 2020, 03:29 last edited by@Jolly said in Debt > Economy:
... The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.
Let’s bring back the post-WW2 fiscal and monetary policies then.
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wrote on 10 Sept 2020, 12:05 last edited by
MMT.