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2020-04-09 Economy
Bankrupting America
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Posted by Clem 2020-04-09 00:00|| E-Mail|| Front Page|| [308 views ]  Top

#1 US eperienced inflation too. Anyone that lived thru the late 1970's knows Jimmy Carter's "stagflation" with high taxes, high inflation, double digit interest rates, and double digit unemployment. It took Ronald Reagan to fix that, and it was not painless. Thats why when trump is re-elected, he needs to address the debt by demanding a painful balanced budget, and stick to it. If he starts in early 2021, the pain will be over by mid 2022, and we'll see a Reagan like boom in late 2022, that will roar all the way to President Haley's (or fill in the name of any prominent GOP from outside DC) inauguration.
Posted by Marilyn Tojo7566 2020-04-09 00:12||   2020-04-09 00:12|| Front Page Top

#2 Can I recommend "For Us, The Living: A Comedy of Customs" by Robert A. Heinlein?
Posted by g(r)omgoru 2020-04-09 04:02||   2020-04-09 04:02|| Front Page Top

#3 #1 remember the Misery Index?
Posted by Lex 2020-04-09 08:06||   2020-04-09 08:06|| Front Page Top

#4 Best way to get the budget under control is to quarantine congress for a couple decades.
Posted by M. Murcek 2020-04-09 09:06||   2020-04-09 09:06|| Front Page Top

#5 Now the Fed is going to pump over $2 trillion more into the economy. Geeeesh.
Posted by Clem 2020-04-09 09:12||   2020-04-09 09:12|| Front Page Top

#6 Everyone has been at that night time party where Billy Joe decides what the bonfire needs is a couple more gallons of gasoline.
Posted by M. Murcek 2020-04-09 09:18||   2020-04-09 09:18|| Front Page Top

#7 4. Grow our way out. That's what was done with pretty much all gov debt. Grow the economy over a few decades so the debt is a small portion of GDP. Problem is that also has to coupled with spending discipline. Not something the USA has seen in 60 years.
Posted by Cholutch Shereper2174 2020-04-09 10:49||   2020-04-09 10:49|| Front Page Top

#8 /\ A rigorous dumping of foreign aid programs may also provide a boost.
Posted by Besoeker 2020-04-09 10:51||   2020-04-09 10:51|| Front Page Top

#9 Infrastructure improvements + bringing manufacturing & manufacturing jobs back to this country will provide an enormous boost.

Inflationary perhaps but a bit of inflation now is OK. we need wage growth and it devalues the debt to our advantage - and to the ChiCom creditors' disadvantage.
Posted by Lex 2020-04-09 10:56||   2020-04-09 10:56|| Front Page Top

#10 Something old, something new ?
Posted by Besoeker 2020-04-09 11:01||   2020-04-09 11:01|| Front Page Top

#11 Imagine a Norman Rockwell in this day and age. They would have driven him to the local insane asylum.
Posted by Clem 2020-04-09 11:02||   2020-04-09 11:02|| Front Page Top

#12 A simple 12 month bond that would pay 2.5 taxfree percent? They couldn't print the damn things fast enough.
Posted by Besoeker 2020-04-09 11:08||   2020-04-09 11:08|| Front Page Top

#13 Funny that the Fed funds rate is essentially ZERO. How are those credit card APR's? Probably closer to 20% than zero. Pathetic.
Posted by Clem 2020-04-09 11:09||   2020-04-09 11:09|| Front Page Top

#14 ^ Ding, ding DING! We have a winner...
Posted by M. Murcek 2020-04-09 12:26||   2020-04-09 12:26|| Front Page Top

#15 Cut government to 1/4 the current size so that we'll have money the next time an emergency comes up.

Also IRS audit for every congressperson and make the results public so we can see where they get the money and how they hide it.
Posted by rjschwarz 2020-04-09 15:55||   2020-04-09 15:55|| Front Page Top

23:38 crazyhorse
23:01 Lex
22:59 Lex
22:54 Marilyn Tojo7566
22:44 crazyhorse
22:43 SteveS
22:40 Marilyn Tojo7566
22:38 Marilyn Tojo7566
22:36 crazyhorse
22:36 Marilyn Tojo7566
22:35 crazyhorse
22:35 Marilyn Tojo7566
22:34 crazyhorse
22:32 Skidmark
22:21 trailing wife
21:59 Lex
21:56 Lex
21:56 Lex
21:53 Lex
21:43 Whiskey Mike
21:40 Whiskey Mike
21:31 Whiskey Mike
21:28 Whiskey Mike
21:22 Anomalous Sources

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