Out deficit has fallen. This is true.
But our debt has increased (except for the last 140 days or so.)
Deficits are worth noting. But in a higher interest environment, the size of the debt is going to be a problem. As we roll over more and more, those rates will have an impact. As we deal with more and more unfunded mandates, we will dip into that credit line.
I agree that there are some areas that are moving in the proper direction. I just think the inertia of the rising debt and the unfunded liabilities will squash the deficit improvements like a bug.
I agree that there are some areas that are moving in the proper direction. I just think the inertia of the rising debt and the unfunded liabilities will squash the deficit improvements like a bug.
............
maybe so. I’m coming around to the opinion that there was a massive shift of capital flows back in the 1970’s away from the USA that funded overseas oil purchases to the tune of 300-500 billion annually. .... —(as well I think the offshoring of US industry is reversing) that these capital flows are reversing in the favor of the USA...with the result that there is going to be a lot more money in the USA than has been seen since the 60’s.
The current US admin of course will have had nothing to do with these successes...but they will take credit for it. same as happened in the late 90’s.