U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic

piezoe said:
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Wouldn't it be nice if someone who understood these things could be appointed head of CBO? I always get the feeling when listening to our budget offices heads that they haven't a clue how our money works or where it comes from.
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Well, I vote for you, because lord knows nobody else has been able to figure it out. So what is the harm?
 
UsualName said:
Its really not mind boggling. In fact we’ve been here before and what ensued was the greatest economic expansion in human history.

Now I don’t know if we have the political stability to properly address the debt but it certainly is possible. Chin up.

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Oh yeah for sure i dont think its a doomsday scenario because we have many measures to adapt and thrive but that is some amount to manoeuvre. I agree though its all cycles and we will have a bullish one then bearish its been that way for over a century now
 
No bullish and bearish anymore. Just bullish. Bearish has been written out .... in the constitution. ;) We will print and print and print until. piezoe will tell ya. Oh wait no, Baron will have to add another server. :)
 
Overnight said:
Well, I vote for you, because lord knows nobody else has been able to figure it out. So what is the harm?
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He’s right though. Japan has long since jumped the shark and they keep just chugging along. Canada, UK, etc I think where most countries fail in the deficit spending is that they don’t have much to show for it.
 
With Fed raising interest rate, borrowing cost will go higher. For the people who can't pay back, they are in trouble.

Also, this is like stock prices going down and traders have to return back the margin loans. Not good.
 
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