06-27-2020, 12:54 PM
(06-27-2020, 12:16 PM)chrisk Wrote: It might be time for the country to ask them to make more than token sacrifices on behalf of those who have lost their jobs because the well-off are saving so much.Have no fear there....
Either POTUS46 (2021 or 2025) and Congress will have to get the USA's upper middle class and above to pay down a lot of this debt
and/or
China will stop buying up everything which will drive up USA interest rates
and/or
The USA will just print a bunch of money
Of the three only the POTUS46 and Congress option looks appealing to me, and like most of you that would be a financial negative for me. But the other two alternatives historically don't end very well at all. Much like this pandemic I am not super sure the average American appreciates the financial pain we will see in this upcoming decade.
That is all for a different time. At the moment got to keep people safe and the economy relatively stable.
POTUS46 (2021 or 2025) might become a one-term President because paying for (or being forced to pay for) our COVID stimulus and COVID mistakes will be very unpopular medicine.

