I follow Robert Reich and he is spot on. The problem is that nobody is pounding the drum LOUDLY enough so that Americans get the real picture. It's amazing that so many people still blame the president (Either Biden now or any President for that matter) for high food and gas prices. Maybe if more public pressure is brought to bear and individual companies are called out by name and shamed then maybe some progress will be made that Americans feel.
Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so
The U.S. also has plenty of assets...we can always sell Texas. https://www.usdebtclock.org/#
Wouldn't you have to pay back all the money Mexico spent on the wall?
Only a problem if the creditors ask for the $ back, right?
But then again, none of it is collateralized so
The U.S. also has plenty of assets...we can always sell Texas. https://www.usdebtclock.org/#
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
The electric companies did this for a different reason. Their resource is finite and the demand was exceeding their ability to meet it. When the demand is too high, they were forced to drop people. This caused all kinds of issues as they are a regulated monopoly. The primary driver in instituting these measures was not profit... well not profit from the charges, but profit from keeping their system running without faults.
Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
Well...it is s-t supply and demand shifts, which obviously can divert to gouging.
The electric cos have been doing it for decades, and theyre monopolies, ha!
After Jamie Dimon warns of market ârebellionâ against $34 trillion national debt, Fedâs Jerome Powell says itâs past time for an âadult conversationâ about unsustainable fiscal policy
With the United Statesâ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issueâat least until this weekend, when Powell spoke out about the debt on CBSâs 60 Minutes Sunday. âIn the long run, the U.S. is on an unsustainable fiscal path,â Powell warned.
Even as the U.S. economy avoided a widely forecast recession in 2023, record government spending and lower tax receipts led the national debt to surge to an all-time high. And that trend has continued into this year. The U.S. government debt to GDP ratio, a measure of total public debt to economic growth, has surged from just over 100% in 2019 to over 120%. Thatâs down from the COVID-era peak of 133%, but, as Powell put it, the governmentâs debt is still âgrowing faster than the economy.â
This means itâs now âpast time, to get back to an adult conversation among elected officials about getting the federal government back on a sustainable fiscal path,â Powell argued Sunday.
More level playing field? Yes.
Redistribution? No, other than a higher estate tax. You're entitled to your bounty while here, but once you pass, put most of capital back in the pool.
And a no on loan forgiveness. Though the interest rates on student loans are a crime.
It does suggest people should live within their means. This is a reflection of poor personal financial management...a failure of our parents and education system.
ok, I realize trying to realise everyone's personal economic goals is like trying to square a circle, so I'm going to down tools for the day, but it does sound a bit like you are punishing the ones dealt the worst hand with that last sentence.
I always thought redistributing wealth to the poor was a great way to get the multiplier effect to kick in as the poor generally purchase domestic goods, spend what they have immediately and in the process you can keep them out of destitution avoiding all the cost to society that entails. /my 2c.
This suggests that you would support some kind of wealth distribution in favour of the bottom half. Maybe we have more in common than I thought.
what about student loan debt relief? What's your position on that?
More level playing field? Yes.
Redistribution? No, other than a higher estate tax. You're entitled to your bounty while here, but once you pass, put most of capital back in the pool.
And a no on loan forgiveness. Though the interest rates on student loans are a crime.
It does suggest people should live within their means. This is a reflection of poor personal financial management...a failure of our parents and education system.
