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Won’t wiping all this stuff just lead us into a Great Depression anyway ? I’m not an expert on the topic but my basic understanding was that we (government) jus
by bamboozled 2y ago
Won’t wiping all this stuff just lead us into a Great Depression anyway ? I’m not an expert on the topic but my basic understanding was that we (government) just decided we didn’t have any money, so everything just stopped.
Like shutting all this stuff down or radically cutting it back will surely have some dire economic impacts?
- TylerE 2y agoYes. These cuts will set our nation back by decades. Institutions are being destroyed, and with them cultural and institutional knowledge that will never come back.
- throw16180339 2y agoFiring this many government employees, canceling grants, and imposing tariffs guarantees at least a recession.
- intended 2y agoYup. I’ve seen 2 grand disasters like this each worse than the last. Demonitization in India, Brexit, and now this. None of those other events had the same depth of damage going on here. America is dead, and doesn’t know it yet. The only reason people aren’t saying this everywhere, is because this is unbelievable.
- sroussey 2y agoThe government can just print money. So much so that inflation goes crazy and the national debt is pennies. Same with your savings. We have a lot of savers that are old. Wait until they are gone.