Posted on 02/14/2020 6:50:16 AM PST by Kaslin
Falling energy prices drive everything. Right now, the biggest threat we have is shrinking labor pools worldwide due to the demographic collapse (in China, too, where the US will be YOUNGER than China in 2030).
I wouldn’t say debt is “nothing” but I would say right now it’s the least of our worries.
Reducing the debt is not about raising taxes. Taxes are already high. Raise taxes in the rich and they will work and invest less. The middle class does the same as long as they can subsist. They just won’t worry about upward mobility.
Reducing debt entails spending less. That means we have to cut all these Democrat inspired programs. That’s not going to happen at least enough to pay down the debt significantly, So I think we’re going to see a major recession.
What's my share of the nation’s unfunded assets?
Paying down the debt is like handing the Democrats a blank check should they ever get back into office.
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