tobetrained Posted February 11 Report Posted February 11 What is the future of this country with this debt? No one comes out looking good. [think before following links] https://www.politico.com/news/2026/02/11/us-debt-forecast-to-hit-64t-in-a-decade-as-trump-policies-widen-deficit-00775726 Quote
KinshipLab Posted 16 hours ago Report Posted 16 hours ago I wonder how much all of the Economic Impact Payments from all of the COVID-justified debt-balloon acts like CARES, ARP, yaddah are worth in today’s $? I wonder how many people noticed what a small percentage of the stimulus was going to “the people”? Quote
tobetrained Posted 6 hours ago Author Report Posted 6 hours ago As long as people feel like they're getting something, I don't think they care! I'm not opposed to some of these stuff in that stimulus -- as a response to a crisis. But it was the epitome of irresponsible government to not unwind some of them as COVID itself no long was an existential threat -- do to vaccine(s). And really, given timing, to implement them in the first place as vaccines were around as Biden took office...these programs were later. AS far as "cost today", generic inflation 2019 to 2026 is +27%. But I'm still annoyed our government's goal is 2% per year... that's still growth. Deflation is tough but is also necessary to manage affordability. Quote
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