The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31238
Likes: 52880


A balanced budget is a pipe dream and not


even needed really imo. We do need to grow debt slower than we’re growing GDP over time and gradually grow our way into our debt. But we don’t ever need to pay off or even pay down down debt imo and trying to do so would be economically disastrous imo.

The personal household analogy and eventually paying off your mortgage doesn’t really hold for me, because the country is never going to “retire” and stop generating income with a need (or strong preference) to be debt free at that time. We just need to keep the debt burden manageable.

(In response to this post by SixerHoo)

Posted: 01/10/2023 at 10:59AM



+4

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Current Thread:
 
  
A couple of the new House rules seem reasonable… -- SixerHoo 01/10/2023 10:19AM
  There shouldn’t be a debt ceiling, period, much less -- hoolstoptheheels 01/10/2023 12:09PM
  This exactly. ** -- Seattle .Hoo 01/10/2023 11:57AM
  Yeah, agree on all points. -- BocaHoo91 01/10/2023 10:55AM
  A balanced budget is a pipe dream and not -- BocaHoo91 01/10/2023 10:59AM
  Unfortunately most agree with you. -- HoodatB 01/10/2023 11:56AM
  I don’t think most agree with me. -- BocaHoo91 01/10/2023 12:12PM
  Right. What needs to change is we -- BocaHoo91 01/10/2023 12:41PM
  Yes. Well said. We were on that path until the -- Shenhoo 01/10/2023 11:03AM
  Agree on the 72 hours. Spending cuts as conditions... -- HoosWillWin 01/10/2023 10:46AM

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