4 ms·
> Maybe we should pay the government a little more to put some extra money aside so we can avoid this in the future. Forget a rainy day fund, we’re $23+ trilli
by votepaunchy 7y ago
> Maybe we should pay the government a little more to put some extra money aside so we can avoid this in the future.
Forget a rainy day fund, we’re $23+ trillion in debt with $100+ trillion in future obligations.
- tjr225 7y ago:/
- sailfast 7y agoOn the plus side, US revenue / GDP figures are also pretty large so that’s not too insane of an obligation. One day we’ll get back level, perhaps. Also on the plus side: at this point money is construct and it doesn’t much matter how much debt you’re in, provided there is not too much money to be inflationary (not gonna happen in a depression) and there isn’t so little that liquidity dries up and there’s a panic to withdraw what’s there. So... queue the magic money machine for a bit until we can get this sorted.
- mr_toad 7y ago> US revenue / GDP figures are also pretty large They just got a lot smaller, and tax revenues with them.
- asdfasgasdgasdg 7y agoFor a few years. It also costs the US next to nothing to borrow money at the moment. Yields on 10 and 30 year t notes are on the same order as long term inflation targets.
- _delirium 7y agoThe US could probably lock in near-free loans for even longer terms if it wanted to, too. Austria sells 100-year bonds, which are currently yielding a mere 0.5%.
- lonelappde 7y agoAre those numbers pre or post pandemic?
- asdfasgasdgasdg 7y agoPost-pandemic. Current yield on the ten year t-note is 0.65%.