15 lines
1.7 KiB
JSON
15 lines
1.7 KiB
JSON
{
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"HubID": "5134",
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"Date": "2/15/2025",
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"HubTags": [
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"External Platform Posts",
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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": "",
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"Summary": "<p>U.S. federal debt is on the verge of spiraling out of control, where debt grows uncontrollably due to compounding interest and rollovers. Can we dial this back to where it stabilizes without serious consequences? Yes, it is still possible. </p><p>Dialing it back means instead of having an annual deficit of ~1.7 trillion - our current track, we get back to a deficit of only about 800 billion. This still means our debt will grow over the long haul, but pulls us back from the brink so that we have breathing room to do things that will meaningfully increase GDP growth so that we can eventually pay down the debt (where our revenue is greater than our expenses). </p><p>DOGE is attempting to do this now by finding 1 trillion or so in savings. Other big levers are lowering interest rates and raising taxes. Employing a combination might get us there without creating undue stress, as Dalio posits. </p><p>However, this assumes nothing else goes off the rails too badly, like economic and trade wars, geopolitical conflicts, natural disasters, recessions. A tough needle to thread, but not impossible, and if we can layer on serious industrial policy, ramp up immigration and we all cooperate on reindustrializing the U.S., we could sail out of our predicament inside a decade, or maybe even a lot sooner. </p><p>What can each of us do? Reindustrialize our products and companies and buy American-made. This is really hard to do, but we have to start ASAP. </p><p>https://www.linkedin.com/pulse/how-countries-go-broke-chapter-15-16-ray-dalio-4oefe/<span></span></p>",
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"Notes": ""
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}
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