Mark Zandi, Moody’s Analytics Chief Economist, said that the Limit, Save, Grow Act will cost 800,000 jobs. Zandi testified to the Senate Budget Committee on May 4, 2023.
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Cut the Government by 50%! Let them get New Green Jobs!
I still don’t understand why we need to borrow money to pay the bills. The country didn’t make any money? You generally don’t borrow without a way to make your payments.
It’s complicated, basically other countries buy US Bonds which after X years the US pays back
Let’s say I make a few trillion but spend a couple trillion more than I make.. I have to make up for that shortfall somehow!
You can make all the excuses you want. The government should have enough money on hand to pay the interest. The country is 31 trillion in debt and borrowing more is just screwing our kids. If China and Russia succeed with taking out the dollar as the world’s reserve currency we are all screwed.
Honestly it eventually works out exactly how you’d expect, to a point. Just as if you as a person borrow more than you can cover, eventually the government throws its hands up and says “sorry guys banks empty”. The difference is that the US has the largest military so no one can really force us to do anything and life pretty much goes on aside from one major thing -the reserve currency very likely changes again. This time to probably either the Euro or the Yuan. UNLESS some effort is made to enact some kind of digital currency (hopefully not) on a national or global scale, or people wise up big time and a miracle happens and bitcoin or something like it finally takes it place as the rightful successor to gold as the global reserve resource. I don’t know if all that is entirely right but it’s the basic basic idea. TRDL: debt is exactly what it sounds like
Cut congressional pay by 90%.
Don’t forget those who make legislation use their insider knowledge to trade stocks better
Literally concienving laws while smartly investing to grow wealth
Yeah they can steal the difference
If biden refuses to negotiate his spending is not the GOPs fault we see past your disingenuous agenda….
The U.S. dollar unlike every other currency in the world hasn’t dropped much in value the past few years
Macroeconomic says this should have significant implications on the demand and supply of labor in the economy
The forces of evil are hard at work trying to hurt the people!!!
Government is too big, and it is too big a burden for working people, and they spend too much. Cut government jobs to reduce debt, reduce the tax burden, to save the US Dollar.
Since 1953 congresses budget has increased at 6 times that of other federal budgets!
@Come and take it Debt/GDP ratio is at a historical high. The government does not know how to balance its budget and they are irresponsible people. They don’t care about working people, they care only about their own interest and put the burden on the working people. They spend taxpayers’ money like they will all die tomorrow.
Oh my God, someone suggested we cut costs somewhere so we stop printing money on Biden’s command? At a Debt ceiling meeting? No no, let’s go back to just spending more than we can ever recover from, and we can lose more jobs than that. Makes sense.
800,000 government jobs? Sounds like a good plan
How do they really know when we are going to out of money. When nobody knows how much is being spent
Propaganda from Yahoo.
Trump 2024
Absolute cessation of “payments” to ALL foreign governments, or other entities.
Gee… I guess then we should keep money in the USA instead of handing it out to the rest of the world for their problems or paying $300 a night at Chicago luxury hotels for illegal immigrants to stay on our dime … there are many ways to work within the budget if we serve our people first. No more handouts. It can be done ✅
As long as I have a job, I don’t care about the bloated goverment getting cut.
Do not raise the debt limit. Cut the corrupt Congressional-military-industrial complex, we don’t need 11 carrier groups, bases in almost every country, no more undeclared costly deadly foreign entanglements.
Nikola Tesla energy towers and receivers is still available and must become the worlds urgent need. Open the debate.