What the end goal if you print more money for a bail out just continue kicking the can down the road. It’s like we’re building a dam that gets weaker each renovation and gets more water behind it. The longer you keep repairing it with tape and sticks the bigger the flood will be when it collapses. Let pain hit when it is supposed to hit rather than pushing it to the next generation double
LOL, this has been the line for 30 years (since the 90s inflationary period). If you call for the fall of Rome every day for 600 years you'll eventually be right.
Current debt is completely fine. 1.3x your income is not that high actually. A couple with a new mortgage can be at like 600% of their income in debt and still not even be sub-prime, if they have a good job (the USA is like the guy with the best job of all, normally)
It WON'T be if we print trillions and trillions of dollars instead of just repealing stupid tariffs etc. and no longer "have a good job" anymroe in a depression, etc. But as of November 2024 under normal procedures and business as usual, it was not a meaningful threat at all.
The issue we face is even if tarriffs are repealed, other countries are not just going to be so willing to just jump right back into trading with the US. They are looking to trade with other countries because they know the US can just flip back to trade wars in a matter of years. We may very well never see the level of relative economic prosperity (relative doing a lot of lifting here because a lot of people are poor as shit here still) that the US has ever again. The Great Depression and Recession were bad, but the US did not cut off trade partners world wide during those periods. This is going to do what I believe is irreversible damage.
92
u/Massive-Opposite-705 1d ago
What the end goal if you print more money for a bail out just continue kicking the can down the road. It’s like we’re building a dam that gets weaker each renovation and gets more water behind it. The longer you keep repairing it with tape and sticks the bigger the flood will be when it collapses. Let pain hit when it is supposed to hit rather than pushing it to the next generation double