Close Menu
    Wall Street

    The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming

    View 40 Comments

    40 Comments

    3. ulumulu23 on

      The problem is mostly in the 2nd and 3rd world which will in turn largely burn high risk funds in the west. US external debt is a little over 100% of GDP. The UK is at nearly 300% and they don’t have showdowns every few months. All just political theater and priced in..

    4. bigstew6 on

      Money is worthless so put your money in stocks to make more worthless money, truly a regarded take..

    6. Legitimate_Risk_1079 on

      Real estate or stocks are necessary investments to stay relevant with inflation. If you kept your money in a bank the last couple of years, that is the same as keeping it under a mattress. You will loose $$$ by not investing over time. Look at the prices of real estate alone in certain parts of CA. In just the last 3 years real estate prices went up 57%.

      Reality check: if have been saving money in a bank the last 3 years to pay a downpayment for a house, you just lost 1/2 of your savings.

    8. mindclarity on

      Billionaires choosing which apocalypse mega shelter they need to charter their yacht to.

    9. Jonas52 on

      “Tackling America’s debt problem will require either tax hikes or cuts to benefits, such as social security and health insurance programs” said Karen Dynan, former chief economist at the US Treasury and now professor at the Harvard Kennedy School.

      We seem to have money for everything except social security and healthcare.

    13. DamnTomatoDamnit on

      >Tackling America’s debt problem will require either tax hikes or cuts to benefits, such as social security and health insurance programs

      Tax hikes always seem like a great solution in the first year, until you realize nothing guarantees a business and its operations will be here to get shafted next year.

    15. B0BsLawBlog on

      My “money” is already in fixed mortgage and student loans, and the bulk of the rest in stocks via 401k.

      Inflate away my real debts while the 401k rises with inflation by all means. Watch me not care lol.

    18. notyourregularninja on

      Best to cut social security so that they can pay fucking Boeing to send malfunction spaceships to space and put people at risk!

    20. itsthenoise on

      Sorry US but as someone who’s lived in the US and Northern Europe, NE countries have a way better quality of life, less inequality and they’re not bled dry by greedy healthcare providers.

      The Europe poor thing is deluded.

    21. 6feetchina on

      Increase the defense budget!! Three more Burk destroyers, four Ohio’s and another Ford should do. 40k sign on bonuses, 75k resign bonuses. Instant student loan forgiveness for new college graduate sign ons.

    22. Arctisian on

      There should be a rule that you’re not allowed to comment or post about public debt if you don’t know how monetary system works.

    23. No-Engineer-4692 on

      So the hard choice is how much more of our money they’re going to take?? Shocker 🙄

    25. SoIlbiguy on

      Is growing the economy such an old fashion idea that nobody thinks of it anymore. “Government is the problem”.

    26. HAWKSFAN628 on

      No, per Venezuela, stocks boom and then crater. Gold creates terrific wealth for those that own it, when a currency dies

    27. ForwardProgrammer909 on

      Why hasn’t any hackers fixed everyone’s debt! Seems fishy that everything else is hackable except this! 🧐

    29. bmiddy on

      How do these dipshits write this drivel? No understanding of monetary sovereignty.

    31. Embarrassed_Aide7549 on

      Money is literally just paper hold up some guy named fbi is at my door

    32. DestroyerOfIphone on

      I mean, if they just deflate the value faster than the interest the GDP will raise. Isnt this why our GDP ballooned to 27t?. Like if uncle same pumps 50% more money into the economy all the jons start paying 50% more, GDP raises 50% but all of the fix rate loans become easier to pay off.

    37. Accomplished-Wash381 on

      US is in the worst debt position except for everyone else, so we probably fare the best.

    39. FoxTheory on

      Hospitals should start selling advertisement slots and make their patients watch it them if they can’t pay. Problem solved.

    40. dubripper69 on

      I feel like we could eliminate some 3 letter agency’s and solve this problem in a few years with those funds 🤷

    Leave A Reply
    Share via