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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? |
Real simple, government has to stop wasteful spending and they won’t. Why are we spending? I think $60 billion on student loan bail out? Why are we spending billions on illegals coming into the country and we’re not even taking care of our military?? The government spent $6 billion on EV charging stations and only have six installed so far. Every bill passed by congress should only have one item on it. 20 or 30 people tack on stuff for their district like $5 million for a library or $10 million for a zebra museum or some stupid crap.
The one thing our founding fathers screwed up was not putting term limits on Congress.
I’m afraid it’s too late now🤬