task0778
Diamond Member
These days, nobody seems to care that we are running up huge national debts and deficits. Every president since Andrew Jackson has increased the debt, but so much more since Clinton. Maybe it was a mindset that grew out of the 1930s Great Depression or maybe even before that: you weren't supposed to go into debt if you could help it and if you did you paid back your debts as soon as you could. And you tried to make a better world for the next generation.
But no longer; nobody is thinking about paying off the debt cuz it's already so gargantuan, and yet we keep on spending and spending until at some point just the interest on the debt will be the biggest budget item to deal with. Isn't that kind of irresponsible? What kind of message does that send to future generations? Aren't we leaving them a huge problem with no means to solve it? Sooner or later the debt gets so big that we can't find enough borrowers to cover it, what then? Print gobs and gobs of new money, or simply create it out of thin air? Does anyone seriously believe the US can do that indefinitely? People laugh today about inflation, as if it can't happen here. Well, yeah it can, and I don't see any way to avoid it. Maybe not in the near future, but how long can we keep up the pretense that there is no problem and no urgency to address it?
Seniors like me will maybe not see the real consequences of what's going on now, most of us will probably die before that happens. You guys on the low side of 50 give or take, you guys are going to get fucked and you ain't going to get any vaseline either. I really think we are creating a world of shit for those who follow us, and nobody cares.
LOL, but have a nice day.
But no longer; nobody is thinking about paying off the debt cuz it's already so gargantuan, and yet we keep on spending and spending until at some point just the interest on the debt will be the biggest budget item to deal with. Isn't that kind of irresponsible? What kind of message does that send to future generations? Aren't we leaving them a huge problem with no means to solve it? Sooner or later the debt gets so big that we can't find enough borrowers to cover it, what then? Print gobs and gobs of new money, or simply create it out of thin air? Does anyone seriously believe the US can do that indefinitely? People laugh today about inflation, as if it can't happen here. Well, yeah it can, and I don't see any way to avoid it. Maybe not in the near future, but how long can we keep up the pretense that there is no problem and no urgency to address it?
Seniors like me will maybe not see the real consequences of what's going on now, most of us will probably die before that happens. You guys on the low side of 50 give or take, you guys are going to get fucked and you ain't going to get any vaseline either. I really think we are creating a world of shit for those who follow us, and nobody cares.
LOL, but have a nice day.