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CBO expects federal debt to double over next 30 years

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CBO expects federal debt to double over next 30 years
Eric the Green Offline
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#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
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RE: CBO expects federal debt to double over next 30 years - by Eric the Green - 03-08-2021, 03:44 PM

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