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Trouble ahead is that the tools put in place to help recover from recession have been recently removed. If there are brakes a run away car rolling down a hill can be slowed. No brakes means potential disaster. Today we are already approaching a liquidity problem. Interest rates are so low that lenders would rather invest than loan money for the short term.
And our financial crisis is more that our children will be paying off our national debt. Less money coming in than being spent. Someone will need to make up the difference eventually
Our children will pay off more of our national debt if we somehow change our tax laws. But today we pay federal taxes based on our income, not the national debt number.
Our national debt will never be paid off, and making up any difference is always an option.
i just bought a ton of cat food. i wanted to load up just in case i cant afford it later.
While it's cheaper to own a cat than a dog, mostly because they eat less. Typically by the pound, Cat food is more expensive than dog food. you should consider switching to dog food, your budget will go father. Also I believe there is a number of recipes for preparing dog food, see, "72 Ways to Prepare ALPO and Love It".
Federal Reserve has no leverage in stopping the next recession with how low interest rates are already. I'm nervous they will do something drastic. I expect the economy to return back to a pre world war II era, where business cycles run every 60 months. So you're looking at 18 month recessions followed by 42 month growth periods. Rinse and repeat every 5 years. Just some economics jargan I wanted to share. Won't be the end of the world but next recession should last longer than 2008 recession.
Estimates put the debt being paid off somewhere around 2045. Reductions in social security payments should also begin in the late 2020's.
Horse radish! lol
Barring any unforeseen natural or man made disaster, our national debt in 2045 will be much higher than today. As long as we continue to be a productive, successful and growing nation there will be no end to us.
The debt will never be paid off. There will be another world war over all of the record debt everywhere. Trade wars and currency wars lead to hot wars.
The debt will never be paid off. There will be another world war over all of the record debt everywhere. Trade wars and currency wars lead to hot wars.
There may be wars over resources. But war over sovereign debt is nonsense. Because fiat can be created out of thin air. When there is war, sovereign debt may be cancelled. But that would be after the fact.
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