Federal Debt to Reach 106% of U.S. Economy in 2039, CBO Says (user search)
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  Federal Debt to Reach 106% of U.S. Economy in 2039, CBO Says (search mode)
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Author Topic: Federal Debt to Reach 106% of U.S. Economy in 2039, CBO Says  (Read 2814 times)
King
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Posts: 29,356
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« on: July 15, 2014, 03:54:25 PM »

I'm perfectly fine with us passing massive spending cuts and tax increases to go in effect for the FY 2025-2039 years. That would fix your scary projections and not destroy our economy when it's still on the growth phase.
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King
intermoderate
Atlas Star
*****
Posts: 29,356
United States


« Reply #1 on: July 15, 2014, 06:47:15 PM »

The economy will sag as baby-boomers move through the FICA system.

Can I have something to back up this statement? Not sure myself, but common sense suggests boomer retirements should open up a lot of career opportunities and unleash a lot of retirement $$$ consumption.
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