@zerohedge I expect multiple sovereign debt crises.
You can't print forever, inflation will limit your ability to print. At that point bonds hit the free market and interest rates will naturally rise, and the federal debt alone is 5 times what it was when many of us rang alarm bells back in 2008.
If debt maintenance costs only go back to 2007 levels, debt maintenance will take more money than any individual program in the federal budget. If they double (which has more than happened in my millennial lifetime) then debt maintenance will take up every single dollar of tax money.
Don't tax the rich, stop handing them all the money instead.
You can't print forever, inflation will limit your ability to print. At that point bonds hit the free market and interest rates will naturally rise, and the federal debt alone is 5 times what it was when many of us rang alarm bells back in 2008.
If debt maintenance costs only go back to 2007 levels, debt maintenance will take more money than any individual program in the federal budget. If they double (which has more than happened in my millennial lifetime) then debt maintenance will take up every single dollar of tax money.
Don't tax the rich, stop handing them all the money instead.
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