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hoolstoptheheels

Joined: 01/04/2001 Posts: 27159
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What's this?

It’s impossible not to foresee it at some point. Maybe soon, depending on

How far interest rates decline in the next couple of years. I don’t think they’re going back to ‘08-pandemic levels anytime soon, so, yeah.

If by 2050, interest is the largest line item, particularly because we’ve made the tough choices to reduce the entitlement hit, and if we didn’t get into WW3, well, that will be a wonderful outcome. I’d bet all the rating agencies will have dialed our credit rating back up to maximum if that happens.

[Post edited by hoolstoptheheels at 01/03/2024 10:27AM]

(In response to this post by Tuckahokie)

Posted: 01/03/2024 at 10:25AM

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34 and there's so much more. We have hit a new milestone (AP News link) -- Tuckahokie 01/03/2024 06:03AM

About 126% of gdp for 2023, I think. It was a bit higher 12 mths ago -- hoolstoptheheels 01/03/2024 08:13AM

Federal debt interest payments are now about 16% of the budget, do you -- Tuckahokie 01/03/2024 09:39AM

It’s impossible not to foresee it at some point. Maybe soon, depending on -- hoolstoptheheels 01/03/2024 10:25AM

Just wait for the cost of interest and the deficit as 1% debt on the -- 81_Hokie 01/03/2024 08:37AM

Yep. ** -- Los Angeles Hoo 01/03/2024 09:11AM

"Yep" what? Are you finally acknowledging the hyper partisanship must stop? -- Blah 01/03/2024 09:40AM

Debt to gdp is poised to go up significantly in ‘24. Higher rates, almost -- hoolstoptheheels 01/03/2024 08:47AM

It's okay, Tuck. NPR just had on Bernie's staffer that sed that $34T... -- ResistHoo 01/03/2024 07:28AM

You realize this is just an election tactic. Neither the Democrats ... -- Blah 01/03/2024 06:14AM

If a candidate told their potential voters what would need to be done to -- Tuckahokie 01/03/2024 06:16AM

Then you get it. Neither party cares. Certainly, the current GOP ... -- Blah 01/03/2024 06:21AM

Ironic...don't you think. And the funny thing is, those most vociferous -- GoochlandHoo 01/03/2024 08:02AM

And don't forget tax cuts. Always tax cuts. ** -- 81_Hokie 01/03/2024 08:37AM

Well, I'd have to say, I do prefer tax cuts to giving more to the gov't -- GoochlandHoo 01/04/2024 07:45AM

Tax cuts generate MORE tax revenue though ** -- Hoo TV 01/03/2024 08:42AM

Sorry, I should have said tax cuts for the WEALTHY and corporations, of -- Hoo TV 01/03/2024 09:00AM

If we cut tax rates to 0 we would have a budget surplus. Either that or -- 81_Hokie 01/03/2024 08:44AM

Remind me, who is the current president? ** -- Lupos 01/03/2024 07:33AM

Dumb post, as usual. ** -- SixerHoo 01/03/2024 10:03AM

Nice self-awareness, glad you realized Trump isn't president and did not -- Lupos 01/03/2024 10:56AM

The national debt increased $7.8 trillion during Trump’s admin, Einstein. -- SixerHoo 01/03/2024 11:06AM

Of course, this typical politicization of the whole thing is the problem. -- hoolstoptheheels 01/03/2024 08:26AM

Spend too much, go broke. If you overextend your finances, you'll end -- Lupos 01/03/2024 09:21AM

How can it come from the top when we don’t reward leaders making -- hoolstoptheheels 01/03/2024 09:25AM

This. We get what we (collectively) deserve -- SysHoo 01/03/2024 11:27AM

Exactly - we shud vote for the teem where no one worries about the debt... -- ResistHoo 01/03/2024 07:31AM

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