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I wonder what the long term ramifications will look like of this debt. Even a democratic president won't be able to raise taxes enough to get debt levels back t
by jadler999 6y ago
I wonder what the long term ramifications will look like of this debt. Even a democratic president won't be able to raise taxes enough to get debt levels back to a healthy level and the interest the US is going to owe is an alarming % of the federal budget. The US can say goodbye to the dollar being the world's reserve currency and goodbye to funding the programs that might spur renewed growth.
They do say crisis is an accelerator of the rise and fall of super powers!