GOP only needs one more to win the House, but they are only ahead in 2 of the remaining races. And both of those are in CA so it might be some time before either race is called.
Assuming Powell won't speak until the House is settled, it could be awhile.
Does it really matter at this point. I mean, as the cliche goes, the results will be what they be. If the dems hold the house, it does become more likely that there will more spending bills, but take note of the fact that undr biden, the deficit has fallen to historic levels.
Yes, we knew INCORRECTLY right away.We are back in the stone ages. A long time ago we knew right away...now?
The fed as I'm sure know, it at least technically independent. And I think probably 95% of the time it does act in a way that it at least believes will advance its goal of low inflation and low unemployment.It's possible that Biden would ask for a different trajectory of the rates had the Dems kept the House.
I'm a little unclear on why the street would be looking for very low interest rates.
the curve is kinda funky though. Rates decline thru year 10 and then bounce between 10 and 20. I'm not sure that's ever happened before.
and where was this talk when trump was in office?America will spend more in interest on the 30 trillion we owe than we spend on many programs.
We need to begin to repay the national debt.
Lets try to keep this a little less political (yes, I'm guilty of that too). One question for you to ponder and then post in P&N: if all immigration from anyone anywhere was 100% legal (that is if all illegal immigration was stopped), would the problems you perceive go away?Hopefully 2 years from now we can finally stop all the illegal immigration.
I don't think that's physically possible. If you're raising rates, you can't be adding liquidity. If you do, what happens is the market looks at the fed and say go f* yourself. And rates in the market will find their own levels.So the Fed will once again give hedgies trillions of dollars to pump up stocks again.
I don't think that's physically possible. If you're raising rates, you can't be adding liquidity. If you do, what happens is the market looks at the fed and say go f* yourself. And rates in the market will find their own levels.
and where was this talk when trump was in office?
a big chunk of that $30T was under your precious orange monkey and his tax cuts for the rich.
Do you think US stock growth rates would be affected if they did try to pay off the debt?Think about it - how are we going to pay back 30 trillion dollars of national debt?
1) We have to completely eliminate the deficit
2) We have to trim back government spending across the board, including SS spending and our favorite jobs program - defense spending.
3) We have to generate at least $1 trillion or more in "excess" annual budget surpluses.
4) We have to overrule all the stupid politicians that will make bleeding heart arguments to give it away to the needy of all kinds
5) And FINALLY we can retire the FIRST of 30 YEARS of outstanding debt!
It is unimaginable that we as a national can overcome all these hurdles and keep our resolve for 30 years to get it done.
...that also assumes no pandemics for 30 years, no natural disasters for 30 years, no wars for 30 years, etc, etc, etc
Do you think US stock growth rates would be affected if they did try to pay off the debt?
Obviously two very different countries on so many levels but the "socialist" country seems to be better at controlling public debt than the capitalist. (Also knowing that lots of large European countries has the same debt problems as US)Short term? Obviously, yes. Less government spending and cutbacks will lead to more job cuts, and perhaps a gigantic recession. That is because our economy has become so reliant on the government's tits and deficit spending that it is going to be painful.
So many people rely on our bloated defense sector it would take a lot of adjustment in the workplace to pick up the slack. Perhaps they can transition to healthcare. They need workers at all levels.
This is referred to as "austerity". In certain countries, drastic spending cuts have led to massive protests and mob like behavior in the streets.
| Date | Debt ($M) | Debt (%GDP) | Debt Per Capita |
|---|
| 1992 | 102,102 | 66.77% | $19,708 |
| 1992 | 4,486,290 | 68.61% | $17,489 |
| 2021 | 145,899 | 36.60% | $24,841 |
| 2021 | 29,463,730 | 128.13% | $88,697 |
#1 is all that needs to be done. If the budget is balanced, then all debt will slowly expire as it is paid off. This is because the budget already includes debt and interest payments. Thus #2, #3 and #5 are all included in #1. #4 is unrelated and you forget #4B (the massive unnecessary spending that dwarfs #4).Think about it - how are we going to pay back 30 trillion dollars of national debt?
1) We have to completely eliminate the deficit
2) We have to trim back government spending across the board, including SS spending and our favorite jobs program - defense spending.
3) We have to generate at least $1 trillion or more in "excess" annual budget surpluses.
4) We have to overrule all the stupid politicians that will make bleeding heart arguments to give it away to the needy of all kinds
5) And FINALLY we can retire the FIRST of 30 YEARS of outstanding debt!
It is unimaginable that we as a national can overcome all these hurdles and keep our resolve for 30 years to get it done.
...that also assumes no pandemics for 30 years, no natural disasters for 30 years, no wars for 30 years, etc, etc, etc
The budget will balance itself.
#1 is all that needs to be done. If the budget is balanced, then all debt will slowly expire as it is paid off. This is because the budget already includes debt and interest payments. Thus #2, #3 and #5 are all included in #1. #4 is unrelated and you forget #4B (the massive unnecessary spending that dwarfs #4).
Most of the national debt is owed to ourselves.
Gold and silver are also monopoly money - they have value for the same reason that fiat currencies have value: people believe they can trade the currency for goods and services. Without that universal belief, gold and silver would be relatively worthless shiny rocks.I would rather be paid in gold and silver coin. We used to have currency backed by precious metals...then we discovered the voodoo magic of monopoly money.