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We have 18 years until the purchasing power of the American consumer will necessarily be destroyed.

iairishcheeks 30515 posts Original UHND Member

Posted 2:09 pm on Apr 15, 2025

Unless one of two things happens: a) we get debt under control (unlikely) or b) we produce most of our necessities domestically.

Status quo has us on a road to ruin.

Link: https://budgetmodel.wharton.upenn.edu/issues/2023/10/6/when-does-federal-debt-reach-unsustainable-levels

Replies 25

We have 18 years until the purchasing power of the American consumer will necessarily be destroyed.Link iairishcheeks 2:09pm · 4/15/25
- From your linked article... TyroneIrish 3:41pm · 4/15/25
  - Revenue has grown an avg of 7% while spending has grown an avg of 12% per yr the last 25 years. iairishcheeks 4:06pm · 4/15/25
    - Sounds like revenue did not keep up with spending. Raise revenue; cut spending. Chris94 4:21pm · 4/15/25
      - Ha!NT iairishcheeks 4:31pm · 4/15/25
- Awesome. You really understand economics. And you stay on topic so well. Chris94 2:52pm · 4/15/25
  - You brought up purchasing power, I responded, that's how normal people communicate.NT iairishcheeks 3:36pm · 4/15/25
    - You and normal is not analogousNT Domer From Hell 6:53pm · 4/15/25

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