Generational Theory Forum: The Fourth Turning Forum: A message board discussing generations and the Strauss Howe generational theory › Fourth Turning Forums › Current Events › General Political Discussion v
CBO expects federal debt to double over next 30 years

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Thread Modes
CBO expects federal debt to double over next 30 years
Eric the Green Offline
Posting Freak
*****
Posts: 10,013
Threads: 103
Joined: May 2016
#28
03-08-2021, 03:44 PM
(03-08-2021, 03:11 PM)Einzige Wrote:
(03-08-2021, 02:58 PM)David Horn Wrote:
(03-08-2021, 01:55 PM)Einzige Wrote:
(03-08-2021, 01:49 PM)Eric the Green Wrote:
(03-08-2021, 01:46 PM)Einzige Wrote: In fact there is no solution to it.

It's true, it has gone far beyond redemption.

Its cause is the declining rate of profit.

Profits are plenty high, but we leave them untaxed and in in private hands -- then we socialize losses that do occur.  Of course there is an imbalance.

The aggregate economy - the total capitalist world economy - is far less profitable today than in the 1900s.

The amount of debt the USA has accumulated by now simply can't be repaid.
"I close my eyes, and I can see a better day" -- Justin Bieber

Keep the spirit alive;
Eric M
Website Find
Reply


Messages In This Thread
RE: CBO expects federal debt to double over next 30 years - by Eric the Green - 03-08-2021, 03:44 PM

Possibly Related Threads...
Thread Author Replies Views Last Post
  GOP governor pushes Texas’ first sales tax hike in 30 years random3 10 3,351 03-03-2021, 08:21 PM
Last Post: March3
  US debt is now projected to be larger than the US economy random3 0 707 02-17-2021, 11:38 PM
Last Post: random3
  Biden push to raise minimum wage to $15 would kill 1.4 million jobs: CBO random3 6 1,915 02-12-2021, 07:34 PM
Last Post: random3
  National debt nears $28T as Biden prepares new spending initiatives random3 0 618 01-26-2021, 08:16 PM
Last Post: random3
  Idaho official: Federal agency may have tried to hack state elections site nebraska 0 1,172 01-29-2018, 11:26 PM
Last Post: nebraska
  Double standard prevails in state government nebraska 0 1,234 01-28-2018, 06:23 AM
Last Post: nebraska
  Trump years likely more of the same nebraska 0 922 01-27-2018, 05:23 AM
Last Post: nebraska
  The amazing disgrace of our $20T national debt nebraska 0 1,168 01-19-2018, 01:11 PM
Last Post: nebraska
  Congress races to raise debt limit, pass spending bills nebraska 0 863 01-12-2018, 10:56 PM
Last Post: nebraska
  Federal workers earn on average 50 percent more than private workforce, study shows nebraska 0 1,245 01-12-2018, 02:35 AM
Last Post: nebraska

Forum Jump:


Users browsing this thread: 16 Guest(s)