"Under current policy, the United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt whether explicitly or implicitly "
Thus far, the GOP has refused to accept the need for Tax Increases on Corporations and the Wealthiest Americans...until it does, we're like 'Thelma and Louise', racing toward the cliff.
btw...Democrats have already shown the way toward resolving this problem (e.g. Clinton's Economic Plan that resulted in a Surplus).
From your linked article...
Replies to: "From your linked article..."
- We will make computers again. Nvidia plans to build AI supercomputers ENTIRELY in US (AZ & Texas) [LINK]
- Eli - 10:16am 4/15/25
(25) [View All]
- 'The CHIPS Act Has Already Sparked $450 Billion in Private Investments for U.S. Semiconductors'... [LINK]
- TyroneIrish - 2:19pm 4/15/25
- That act is for chip making, not computer making. That act is subsidy law( $52 B taxpayers' $ + 25% - Eli - 5:13pm 4/15/25
- Here you go... [NT] [LINK] - TyroneIrish - 6:07pm 4/15/25
- Predictably, the Biden administration was saddling handouts with DEI requirements... - NedoftheHill - 3:19pm 4/15/25
- Show us one example of where "DEI" negatively impacted a University's Research Program, or harmed - TyroneIrish - 3:48pm 4/15/25
- You made it easy. DEI is inherently harmful because it is racist. [NT]
- NedoftheHill - 5:26pm 4/15/25
- Please answer my question before posing your own...i.e. Show us one example of where "DEI" - TyroneIrish - 6:10pm 4/15/25
- Answered...all of them. But why do you deflect to universities? I was talking about companies. [NT]
- NedoftheHill - 6:18pm 4/15/25
- Because most biomedical research is done there, maybe? Just a guess. [NT] - Frank L - 6:39pm 4/15/25
- Answered...all of them. But why do you deflect to universities? I was talking about companies. [NT]
- NedoftheHill - 6:18pm 4/15/25
- Please answer my question before posing your own...i.e. Show us one example of where "DEI" - TyroneIrish - 6:10pm 4/15/25
- He shuffles. It’s what he does. [NT]
- Frank L - 3:53pm 4/15/25
- He’s a Poster Child for MAGA Ineptness…a waste of a good education. [NT] - TyroneIrish - 4:44pm 4/15/25
- You made it easy. DEI is inherently harmful because it is racist. [NT]
- NedoftheHill - 5:26pm 4/15/25
- Show us one example of where "DEI" negatively impacted a University's Research Program, or harmed - TyroneIrish - 3:48pm 4/15/25
- That act is for chip making, not computer making. That act is subsidy law( $52 B taxpayers' $ + 25% - Eli - 5:13pm 4/15/25
- . [NT] - TyroneIrish - 2:12pm 4/15/25
- Nota Bene. Most of all this new investment will be in Right to Work states. - Curly1918 - 10:38am 4/15/25
- Can't be true, Chris told us there will be no new jobs. [NT]
- iairishcheeks - 10:24am 4/15/25
- Chris told you there will be overall job loss - Chris94 - 10:31am 4/15/25
- Must buy cheap shit from autocratic dictatorship. - iairishcheeks - 10:46am 4/15/25
- Must increase the purchasing power of the American consumer - Chris94 - 1:29pm 4/15/25
- 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
- Sounds like revenue did not keep up with spending. Raise revenue; cut spending. - Chris94 - 4:21pm 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
- 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 analogous [NT] - Domer From Hell - 6:53pm 4/15/25
- You brought up purchasing power, I responded, that's how normal people communicate. [NT]
- iairishcheeks - 3:36pm 4/15/25
- From your linked article... - TyroneIrish - 3:41pm 4/15/25
- We have 18 years until the purchasing power of the American consumer will necessarily be destroyed. [LINK]
- iairishcheeks - 2:09pm 4/15/25
- Must increase the purchasing power of the American consumer - Chris94 - 1:29pm 4/15/25
- Must buy cheap shit from autocratic dictatorship. - iairishcheeks - 10:46am 4/15/25
- Chris told you there will be overall job loss - Chris94 - 10:31am 4/15/25
- 'The CHIPS Act Has Already Sparked $450 Billion in Private Investments for U.S. Semiconductors'... [LINK]
- TyroneIrish - 2:19pm 4/15/25