While lower interest rates might offer a temporary economic boost, they risk overheating the economy and fostering asset bubbles. The Fed must maintain a balanced approach, steering clear of political pressures to ensure sustainable growth.
Tag: debt
For those who like to look at monthly economic data – budgets and deficits, consider this longer term outlook.
The CBO unveils a fiscal cliff: Debt hits 120% of GDP by 2036, with deficits soaring past $3 trillion. Spending races revenue, and trust funds face meltdowns. Will we dodge disaster?
Taxes and reality
Forget myths about rich tax evaders or foreign theft—Americans face a national debt of $38.6 trillion, with $30.9 trillion owned by foreign entities. As the clock ticks toward Social Security and Medicare insolvency, the real question looms: who will pay?
A bitter person- and interesting perspective.
I admit it, I’m fairly addicted to social media. I am fascinated (and frightened) by much of what I read. I realize some of what
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