| ▲ | Windchaser 9 hours ago | |||||||
I made a face, reading this article. They present the US gov't's very large and scary liabilities and future obligations, but they don't present the other side of the picture, the future income streams. (How much can the US government realistically expect to earn annually via taxation?) Without being able to compare future liabilities to future income, we're lacking critical context. It's like they wrote half an article; kinda frustrating. | ||||||||
| ▲ | inaros 9 hours ago | parent [-] | |||||||
There is no feasible scenario where tax revenues will allow the US government to pay a 39 Trillion, soon to be 40 Trillion debt. And paying the debt its not even in discussion right now. What is in discussion, are the multiple, very feasible, and very realistic scenarios, where an increase in interest rates, and a run from the dollar...Will force the US government to spend over 80% of the tax revenue, JUST TO SERVICE the debt interest.... | ||||||||
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