15 lines
1.3 KiB
JSON
15 lines
1.3 KiB
JSON
{
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"HubID": "4835",
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"Date": "10/20/2024",
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"HubTags": [
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"External Platform Posts",
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"Future Map Forward Guidance",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "4835__Image_URL.jpg",
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"Summary": "<p>U.S. federal debt is a ticking time bomb because at some point, we cannot add more debt, and federal spending has been so out of control for so long that our economy has been structured around all this extra spend. Take that away and it will crater the U.S. economy. Few if any in the political spectrum are addressing this - in fact its the opposite, they are promoting policies that will dramatically increase the debt. The rational is that more spending will jump start the economy so that GDP will grow fast enough to overtake the debt increase and allow excess to be pay back the debt. That strategy has been employed since the 1990's and it has not worked. It has only increased the debt without a commensurate increase in GDP. Our problem is structural, where we lack a growth engine to allow the economy to grow faster. Until we get a new growth engine (one is coming in future decades), spending more won't do a thing, except increase debt. A reckoning is coming when we cannot add more debt and we hit the wall and have to cut back spending. </p>",
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"Notes": ""
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} |