USA is pretty broke right now though at 34,000,000,000,000 in debt. The party has been great but its probably time to pay off the bar tab now? a bit of a hang over perhaps (some times of hurting) but a cleanup is a must now. Can't keep printing/borrowing money to no end (monopoly money what is even made in america anymore?) and selling the country off (bonds). A little bit of pain for long term gain? if you don't clean up house now the interest on the debt will destroy yah dead.
and deficits come and go some years are better than others. Then comes government spending - who runs a household - lets spend it all in a year and ask for more. Maybe a crack addict does that. Not my household, we try to save as much as we can so that hopefully taxes/fees/inflation and housing prices don't eat it all up the following years. Oil up inflation up interest rates up housing dies can't print/borrow money due to inflationary factors can't sell the country off (bonds) due to interest rates (inverse correlation). GDP=C+I+G+(X-m) real X grows an economy all else is debt. Can throw money at I and G but who's paying the bar tab? debt without ROI/value is merely bad debt cash in the empties. Hey, nice house not much inside it syndrome. What is even made in america anymore? does anyone remember the george bush era https://thereitis.org/bush-pr-team-covers-china-stamp-with-made-in-usa/https://www.c-span.org/clip/call-in/user-clip-addicted-to-oil/4484705https://www.c-span.org/clip/white-house-event/user-clip-bush-shopping-quote/4552776 etc... A consumer nation perhaps now? no longer a producer nation. The debt mounted is enormous now. The bar tab to future generations.
the debt is massive - https://www.visualcapitalist.com/97-trillion-of-global-debt-in-2023/ the bar tab the USA has mounted is just incredible. The cuts, done bluntly I suspect not strategically thus the same problems will pop up again once this brush fire has gone by. USA needs to clean up shop the interest paid on all the debt must be enormous. Yah can't have a party and not pay the bar tab that's just reckless/ignorant and careless to future generations. The one's that have to pay that bar tab. Best not to be in denial and pay the bar tab. Then comes the addiction to oil, at 20million barrels a day but that's another element for another discussion https://www.worldometers.info/oilhttps://www.eia.gov/tools/faqs/faq.php?id=709
USA is pretty broke right now though at 34,000,000,000,000 in debt. The party has been great but its probably time to pay off the bar tab now? a bit of a hang over perhaps (some times of hurting) but a cleanup is a must now. Can't keep printing/borrowing money to no end (monopoly money what is even made in america anymore?) and selling the country off (bonds). A little bit of pain for long term gain? if you don't clean up house now the interest on the debt will destroy yah dead.
(1) what is happening is in no way 'cleaning up the house' - it's destruction and chaos. (2) no, the deficit is not a debt and particularly it's not like a household debt. See for example: https://stephaniekelton.substack.com/p/elon-musk-discovers-the-magic-of
and deficits come and go some years are better than others. Then comes government spending - who runs a household - lets spend it all in a year and ask for more. Maybe a crack addict does that. Not my household, we try to save as much as we can so that hopefully taxes/fees/inflation and housing prices don't eat it all up the following years. Oil up inflation up interest rates up housing dies can't print/borrow money due to inflationary factors can't sell the country off (bonds) due to interest rates (inverse correlation). GDP=C+I+G+(X-m) real X grows an economy all else is debt. Can throw money at I and G but who's paying the bar tab? debt without ROI/value is merely bad debt cash in the empties. Hey, nice house not much inside it syndrome. What is even made in america anymore? does anyone remember the george bush era https://thereitis.org/bush-pr-team-covers-china-stamp-with-made-in-usa/ https://www.c-span.org/clip/call-in/user-clip-addicted-to-oil/4484705 https://www.c-span.org/clip/white-house-event/user-clip-bush-shopping-quote/4552776 etc... A consumer nation perhaps now? no longer a producer nation. The debt mounted is enormous now. The bar tab to future generations.
the debt is massive - https://www.visualcapitalist.com/97-trillion-of-global-debt-in-2023/ the bar tab the USA has mounted is just incredible. The cuts, done bluntly I suspect not strategically thus the same problems will pop up again once this brush fire has gone by. USA needs to clean up shop the interest paid on all the debt must be enormous. Yah can't have a party and not pay the bar tab that's just reckless/ignorant and careless to future generations. The one's that have to pay that bar tab. Best not to be in denial and pay the bar tab. Then comes the addiction to oil, at 20million barrels a day but that's another element for another discussion https://www.worldometers.info/oil https://www.eia.gov/tools/faqs/faq.php?id=709
where does all this money come from anyhow? https://www.youtube.com/playlist?list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc debt velocity of money most of it is https://www.youtube.com/watch?v=8etB_ft35gU time to pay the piper no free lunch in the universe. Denial is a hard thing to overcome.
USA is in some serious serious troubles, needs to raise that debt ceiling https://san.com/cc/national-debt-is-at-its-ceiling-on-trumps-second-day-in-office/ and its out counting gold to back it all up https://economictimes.indiatimes.com/news/international/global-trends/us-news-trump-to-inspect-us-400-tonnes-of-gold-reserves-held-at-fort-knox-why-is-the-repository-425-billion-reserves-making-buzz-elon-musk/articleshow/118473876.cms?from=mdr the bar tab the problem, the debt. Its hard to tell a drunk to stop drinking, nearly impossible till it lands in its own pile of urine. The true problem. It can't be the world's piggy bank anymore it just can't. This guy says it all https://ntvkenya.co.ke/news/uhuru-stop-crying-over-us-aid-trump-policies-are-a-wake-up-call/ https://www.youtube.com/watch?v=KWlyIFQgfuo
The damn truth.