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Originally Posted by Rainger99
Interesting article on global debt.
The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming | CNN Business
The most disturbing language is that “Tackling America’s debt problem will require either tax hikes or cuts to benefits, such as social security and health insurance programs.”
The good news is that we may have another 25-30 years before the world economy collapses.
I am glad that I am not graduating high school this year.
Any comments or suggestions from any economists or financial experts? Is it as dire as predicted? Or does it exaggerate the problem?What are the solutions? |
Perhaps the relevant question is, “has the national debt ALREADY reached an unsustainable level”? There is absolutely no doubt the debt level will reach unsustainable levels if we continue on the current course.