Talk of The Villages Florida - View Single Post - Historical Perspective on our American wars
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Old 03-07-2021, 08:15 AM
rlcooper70 rlcooper70 is offline
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Debt: Non-Political. Japan has adopted deficit spending to the point where D/GDP is somewhere around 250% ... and their society has not come to a halt. Are you absolutely certain that the future is one where debt is the issue? Our national debt tripled between 1980 - 1988 ($900b to $2.72t), doubled from 2000-2008 ($5.7tyo 10.7t) and again 2008-2016 (to 19.6t) ... never mind 2016 to 2020 ... we stand at around $28t and $30 trillion by the end of this year. GDP = $22t (-ish). No where close to Japan. Are we re-writing the book with interest rates so low?