Generational Dynamics Forum - New Site

Debt, not ceiling, is crisis https://www.conservativereview.com/arti ... he-debt-is

On the other hand, blow up the deficit http://theweek.com/articles/704728/blow-deficit

We have no fiscal margin left: http://www.realclearpolicy.com/articles ... _left.html

Trump will not help Debt http://www.realclearpolicy.com/articles ... 10292.html

Health care is what's bankrupting America https://www.usnews.com/opinion/articles ... reform-now

Why the deficit is bad for you http://www.washingtonexaminer.com/heres ... le/2627569

Debt is not the problem.

Michael Hudson:

"A false parallel is drawn with private saving. Of course individuals should get out of debt by saving what they can. But governments are different. Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt. It appears on the liabilities side of the public balance sheet.

When President Clinton ran a budget surplus in the late 1990s, that sucked revenue out of the U.S. economy. When governments do not run deficits, the economy is obliged to rely on banks – which charge interest for providing credit. Governments can create money on their own computers just as well. They can do this without having to pay bondholders or banks.

* * *

If the government were to pay off its debts permanently, there would be no money – except for what banks create. That has never been the case in history, going all the way back to ancient Mesopotamia. All money is a government debt, accepted in payment of taxes."

https://www.nakedcapitalism.com/2016/03 ... d-war.html

American national debt 30 years from now http://www.americanthinker.com/articles ... cans_.html

Half trillion just to service debt:
https://srsroccoreport.com/the-u-s-gove ... t-in-2018/

2048:
$6,000,000,000,000 deficit
99,000,000,000,000 debt
and the projections almost always fall short.
Before then we will be Venezuela.
http://theeconomiccollapseblog.com/arch ... rs-by-2048