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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/10/24 at 11:17 am to NIH
Posted on 3/10/24 at 11:17 am to NIH
quote:
The question is, how far off is the cliff?
There is no cliff. There is simply a descent down an inflationary slope. The US debt will never suffer default. They will just print money to pay it off, as they have been doing.
2
Posted on 3/10/24 at 11:21 am to Penrod
quote:
There is no cliff. There is simply a descent down an inflationary slope. The US debt will never suffer default. They will just print money to pay it off, as they have been doing.
Since the dollar has lost a minimum of 18% of its value in three years then in 12 years it will be without value and there is no way to print enough dollars to pay of 33 trillion in debt is there? Are you really a college student? Perhaps a trade school for running a Roto Rooter truck would better serve you.
Posted on 3/10/24 at 11:45 am to Penrod
quote:I'm not so sure. At our debt level there will be fewer and fewer buyers. We are only a failed auction or two away from fiscal dominance. Fiscal dominance would be a cliff rather than a slope decent.
There is no cliff.
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