re: Regarding the National Debt, Where is the Point of No Return?

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agree on the stimulus being spent in large part on things that are just not valuable. there are some public investments that can get us good returns- like infrastructure to a point, as you mentioned. i actually see that type of investment as supply-side, as it can boost our productive capacity.

that doesn't mean that spending infinite dollars on infinite infrastructure is infinitely valuable though. there is only so much worthwhile investment to be had. and i absolutely do not believe that enough was available for a sufficient stimulus.

but from what i can see you should post more

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Thanks.

I would definitely agree that spending infinitely is not going to provide infinite value. I think we are on the downslope, where incremental spending drives less economic growth that it costs. But we aren't that far down that slope. And if we were more selective about spending, we should be ok. Of course, the jackoffs in congress give me no hope that is the case.

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Now at what specific moment the whole system collapses and the dogfight to establish the new one begins...nobody can know and it don't matter. Unless one is planning to survive and prosper beyond it. Either the State will assume even greater power, to implement it's (Egalitarian) model...or the power dissipates back to local communities/individuals, and the Darwinian model of survival and prosperity based on individual merit is reaffirmed. And if Katrina is any example, this collapse will be waaayyy beyond the ability of the State of manage.

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RCD, its going to collapse at some point but I am thinking that might not be in my lifetime. Capitalism, even our perverted form of capitalism, has become a monster that feeds itself. The plutocrats will keep our economy going a lot longer than we think is possible.

and when it crumbles, it wont be too bad for the upper middle class, assuming you have a worldview that enables you to flee the country for a few years when the worst shite happens. But I am thinking that is 2060, and I will be either old or dead.