Talk of The Villages Florida - View Single Post - How Will 8% Effect The Villages
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Old 04-14-2024, 07:24 AM
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Default Decades

Quote:
Originally Posted by Windguy View Post
It seems to me that people have been saying that for decades.
Decades ago the US decided “deficit” spending didn’t matter and we were good for all our debt incurred. But that was back when debt was less than 1 trillion dollars. At some point though there is a ceiling on how much a government can borrow for spending. Debt is now upwards of 34 trillion, but there is much more to it than that. Borrowing (deficit spending) will come at increased servicing costs that used to be next to nothing. That cost will significantly increase on a very large amount that isn’t just a trillion dollars anymore.

Yes, we will all make more money of investments, but there could be cost reverberations.
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