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re: What is your outlook on the economy?

Posted on 9/12/14 at 12:31 am to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124542 posts
Posted on 9/12/14 at 12:31 am to
quote:

We have ventured far from a sustainable debt model, over many decades. All the excess debt fueled consumption will be followed by a long period of reduced consumption and that will wreak havoc on a consumption based economy
There are obvious remedies.
I just hope we settle into them while cost of servicing the Debt remains historically low.
Cure the deficit, and we could inflate as necessary to buy down the debt. Currently that is not an option.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/12/14 at 12:42 am to
I learned in Econ 2030 that the USA having debt is not a bad thing because we never have to pay it off because the USA won't die like a person will


So we should be good in that category
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