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re: There really is no cure to the current economic problems in the US
Posted on 4/21/24 at 9:32 am to Wishing Well
Posted on 4/21/24 at 9:32 am to Wishing Well
Significant Austerity isn't happening, the good news is the deficit is so insane since 2020, that getting budget more in line would not be unbearably painful. Give me a president who will pump gdp growth and productivity, and drop all the social handcuffs on economic projects, and that will be a great start. We need capital to be assigned by capital allocaters worth a shite, not the federal albatross.
The saving grace to our shithole, is that currency exchanges do have the other side of the trade, and there aren't many countries that aren't in a worse situation than us. It's all relative.
The saving grace to our shithole, is that currency exchanges do have the other side of the trade, and there aren't many countries that aren't in a worse situation than us. It's all relative.
This post was edited on 4/21/24 at 9:34 am
3
Posted on 4/21/24 at 9:35 am to Pendulum
quote:
Give me a president who will pump gdp growth and productivity, and drop all the social handcuffs on economic projects, and that will be a great start
We can't grow our economy enough to fix the public debt issue.
quote:
and there aren't many countries that aren't in a worse situation than us. It's all relative.
We are still #1 and the gap has increased significantly since Covid.
While Covid has affected us negatively internally, it helped us internationally. Everyone else was negatively affected much more than we were and they spent way more than we did.
Posted on 4/21/24 at 9:36 am to Pendulum
quote:
The saving grace to our shithole, is that currency exchanges do have the other side of the trade, and there aren't many countries that aren't in a worse situation than us. It's all relative.
I don't view this as the saving grace. I mean yes, you are correct that we are somewhat propped up by the fact that the rest of major economic powers have all shite the bed too.
But, that's a short term win. Because when one of the dominoes falls, they are ALL gonna fall. It won't just be a depression here. It will be a worldwide depression.
Posted on 4/21/24 at 10:00 am to Pendulum
quote:
Give me a president who will pump gdp growth and productivity, and drop all the social handcuffs on economic projects, and that will be a great start. We need capital to be assigned by capital allocaters worth a shite, not the federal albatross.
THIS!
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