Originally Posted by
Buck Rogers
Nothing political about it ....23 -27T of debt is a fact. Somebody has to pay for it. I'll be retired. Hello sucker.
No matter who is elected, I'm still gonna get me a free Obama phone to go with my 26 weeks of unemployment. Hello ducker
I just use the logic that the recipients of "free stuff"use, "The government pays for it". Hello sucker.😋😋😎
There’s no question that the debt will be have to be taken care of.....eventually. At least for now it’s not damaging to the overall economy. It could be a very long time until it becomes an issue, however.
That said, the U.S has no choice but to inject stimulus and liquidity to fight the economic effects of COVID (lockdowns, travel restrictions, unemployment). I’d actually be scared to see how badly we’d be doing had they not put out any stimulus.
FWIW, most developed nations are borrowing trillions from the credit markets, not just us.