5 ms·
With an optimistic 10% annual return, this would amount to 1/5 of Cornell's budget.
by fsh 2y ago
With an optimistic 10% annual return, this would amount to 1/5 of Cornell's budget.
- dingnuts 2y agothen they need to find some cuts because Uncle Sam has a maxed out credit card and can't keep making up the difference whether he wants to or not
- archagon 2y agoUncle Sam is intending to go even further into debt for tax cuts.
- acdha 2y agoUncle Sam doesn’t have a credit limit: Uncle Sam has chosen to take on debt so rich people can avoid paying taxes. If we had rich people pay at the same rates they paid a few decades ago, didn’t have caps on the maximum amount of taxable income for social security, etc. we could return to the balanced budget we had at the turn of the century before the Republicans lowered taxes for the express political goal of forcing program cuts.
- retiredfinder 2y ago[flagged]
- LeafItAlone 2y agoDo you honestly believe that either of those two examples are actually comparable to the USA’s credit status?
- acdha 2y agoCan you really not think of any ways that our economy is different from those? For example, were either of them the largest economy in the world operating the global benchmark currency? Were their debts voluntary, incurred solely to allow the richest people to pay less in taxes?
- fzeroracer 2y agoHow about Uncle Sam starts taking money back from rich people instead of foisting more debt on workers and slashing my benefits so that they can buy another yacht?
- hooverd 2y agoSovereign debt is not the same as your household budget.