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Thread: Recession impact if the economic numbers don't add up-
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Old 04-12-2025, 01:42 PM
jimjamuser jimjamuser is offline
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Originally Posted by jimjamuser View Post
There is an old financial theory that says when a country's debt EXCEEDS the money spent on it's military, then that country risks having big problems. And right now the US debt EXCEEDS the military spend by a small amount.
US debt depends on collecting TAX revenue and a lot of IRS agents have recently been fired so tax cheats will have, "happy days" and our country will suffer. US tax brackets have favored the Uber Wealthy since around 1980, but most of all for the last 8 years. It is going to be hard for foreign investors to have confidence in the US, when even US investors have lost confidence in the US.
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