Thread: Contract 2022
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Old 04-17-2022 | 09:13 AM
  #984  
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Originally Posted by Margaritaville
I don't disagree with you that the current administration has boinked the goat on fiscal policy, but unfortunately the only cure to the inflation they brought us is most likely to tank the economy. The recession is probably unavoidable now the only question is how deep it goes and how long it lasts. Also the Fed determines all that and they are mostly independent. The current Fed chair will probably outlast Biden and his comrades unless Trump comes back and tells everyone "yer fiiiiaaed" which I doubt will happen and don't even really want to see (time to move on to more traditional conservatism).
Here's a fun exercise and its 100% non-political.

Go to your trusted gov sources and find the current debt as well as the current yearly debt payments by the gov. You will see that the number is staggering and it rivals the cost of entire massive programs combined. Then increase the debt to whatever you realistically think it will be in 1-3-5-10 years, and increase THAT by whatever you think the cost of servicing that debt will be over that time. IMO it can't ever be repaid and will soon become the biggest thing the gov spends on. Cloward-Piven in full effect.
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