Message:

<p>[QUOTE=&quot;Vess1, post: 26652668, member: 13650&quot;]Well, nobody&#039;s cheering for it but at some point you have to acknowledge reality. Despite every administration&#039;s best efforts the debt to GDP ratio at this moment is 124.3% and going up.&nbsp; &nbsp;&nbsp; $970 billion a year is going to pay interest on the national debt and that&#039;s with relatively low interest rates.&nbsp; There&#039;s no way they can handle interest rates any higher than where we&#039;re at so there&#039;s no viable way to control inflation like they did in the past.&nbsp; (The most they can do is threaten to raise interest rates and hope people believe they might.)&nbsp;&nbsp; </p><p>&nbsp;&nbsp;&nbsp; </p><p>&nbsp; That&#039;s 19% of 2025 total federal tax revenue going to just interest.&nbsp; Third behind only SS and medicare expenditures.&nbsp;&nbsp; At what percentage does it become unsustainable?&nbsp; &nbsp; Some number above 19 but below 100.&nbsp; Maybe it&#039;s unsustainable right now?&nbsp;&nbsp; People in control are just trying to get through one year at a time now.&nbsp; Short term thinking is to lower interest rates to keep the economy going one year at a time in spite of long term damage.</p><p><br /></p><p>&nbsp;&nbsp; Thirty years ago the national debt was 5 trillion.&nbsp;&nbsp; Now 38.&nbsp; We&#039;ve never seen it actually go down.&nbsp; Imagine another 30 years of this and another 30.&nbsp; A baby born today is going to see some real economic calamity in their lifetime in the US.&nbsp;&nbsp; There are many who want to spend even more.&nbsp; &nbsp;&nbsp; Cuts are out of the question.&nbsp; &nbsp; The debt&#039;s not just not going down.&nbsp; It&#039;s going up rapidly, ever increased by higher interest.&nbsp;&nbsp; Then any unexpected prolonged war or crisis ramps up the debt above normal spending with each costing more than the last.&nbsp;&nbsp; We live off the credit of our past.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in