14 lines
865 B
JSON
14 lines
865 B
JSON
{
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"HubID": "5181",
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"Date": "3/13/2025",
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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": "5181__Image_URL.jpg",
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"Summary": "<p>US federal deficit just keeps getting worse, headed for a breaking point sometime in the future. Imagine making $100,000 per year, with debt of $800,000, paying 25% of income towards just interest expense. This debt-to-income ratio of 8-to-1 far exceeds that in the private sector, which maxes out at 2.5-to-1 for consumers. This is the U.S. We rely on investors and many foreigners to lend us money - if they stop accepting our debt, we are bankrupt, and that point is approaching. When? No ones knows, but it can't go on indefinitely. If we hit bankruptcy, then we have to make deep budget cuts, which will be very painful.</p>",
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"Notes": ""
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} |