Quote:
Originally Posted by retiredguy123
The national debt reaching a record has absolutely nothing to do with the stock market. The debt reaches a record every day. That is because the Government spends more money than they take in every minute of every day. Here is a link where you can watch your tax dollars going down the drain in real time all day long, 24/7.
U.S. National Debt Clock : Real Time |
I believe national debt has everything to do with Market. If the country was forced to balance it's budget in 2021 and Fed stopped printing money and buying debt I believe the market would tank, no crash. Our entire economy is now dependent on deficit spending, to say that is not propping up market is not logical. Our generation will never see bank CDs pay 4% again. IMHO