A ‘debt spiral’ before a fiscal crisis: Interest on the national debt will be growing faster than GDP in just 5 years, think tank warns

    https://finance.yahoo.com/news/debt-spiral-fiscal-crisis-interest-162102883.html

    Posted by TheAutodidactguy

    3 Comments

    1. TriedCaringLess on

      It serves the purpose of big business. The government will have to shrink: Fewer employees, fewer government social services, fewer public projects. Larger public endeavors will need the administration of private firms. The main objective though is to create desperation at the bottom so labors become more plentiful again. More workers tolerating unsavory workplaces with few benefits and for low, stagnant pay too. What other options will they have? And what about those troublemakers who want to walkouts, strike and picket? Backfill their positions from the dozens of applicants on file desperate for work. That’s the break the government plan for the wealthy.

    2. Traditional_Donut908 on

      So it’s all Trump’s fault? He certainly has made it worse, but the national debt was bad before Trump 1, Biden added a bunch to it and inflation under Biden resulted in serious interest rate hikes by the Fed, resulting in increases in interest even if the deficit had been zero.

    3. TriedCaringLess on

      It serves the purpose of big business. The government will have to shrink: Fewer employees, fewer government social services, fewer public projects. Larger public endeavors will need the administration of private firms. The main objective though is to create desperation at the bottom so labors become more plentiful again. More workers tolerating unsavory workplaces with few benefits and for low, stagnant pay too. What other options will they have? And what about those troublemakers who want to walkouts, strike and picket? Backfill their positions from the dozens of applicants on file desperate for work. That’s my decoding of the secret break the government plan.

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