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Can the USA go into more and more debt forever?
Posted on 4/27/17 at 8:29 pm
Posted on 4/27/17 at 8:29 pm
With the Trump spending and tax cut plan (and obviously Trump was not the first president to spend a lot) , when does this all come falling down? 30 years from now? 50 years from now? Can the federal debt continue to grow with no problems?
4
Posted on 4/27/17 at 8:37 pm to crazycubes
According to LSU's flamboyant, clothes-matching Econ 2030 professor, yes.
Posted on 4/27/17 at 8:54 pm to crazycubes
Guess you missed where Trump has literally lowered the national debt since he's been in office..
But to answer your question, yes they can as long as the military can back it up.. a country is not a mortal being and does not have to pay off its debt like a person would.
But to answer your question, yes they can as long as the military can back it up.. a country is not a mortal being and does not have to pay off its debt like a person would.
Posted on 4/28/17 at 12:32 pm to crazycubes
quote:
Can the USA go into more and more debt forever?
Pretty much yes, it will just get expensive for debt service when IR go up.
Posted on 4/29/17 at 8:12 am to crazycubes
One of the problems is the amount of debt held by US Citizens. A default would be like the great depression in the 30s.
The government can also cover debt by printing money, kind of.
We really just need to slow the increase in debt. If we can get out of some of these wars and get the world to start paying us to defend them it would help. The social spending we be helped when we get over this baby boom bubble in about 20 years.
The government can also cover debt by printing money, kind of.
We really just need to slow the increase in debt. If we can get out of some of these wars and get the world to start paying us to defend them it would help. The social spending we be helped when we get over this baby boom bubble in about 20 years.
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