Originally posted by Santa_
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Is the Democratic Party Done?
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Originally posted by JimRaynor View PostYou do realize the world owes America as much money as America owes the world. The debt at this point means virtually nothing so long as USA makes its repayments and the world pays America, not to mention USA economy collapsing is equivalent to the worlds economy collapsing.
US gov't net foreign assets are >-$1 trillion and increasing rapidly due to the budget deficit
What's more the cost of servicing US gov't debt is increasing rapidly & it's only going to get more expensive
Now look at unfunded liabilities - that's a time bomb
Unfortunately, Trump doesn’t care about government debt and will continue to spend like a man with 4 arms to keep the economy going
We're on the precipice of another financial meltdown & virtually nobody will escape unscathedLast edited by Tomjas; 10-07-2018, 07:31 PM.
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