CBO Director on growing U.S. debt: Even modestly low interest rates won't change fiscal trajectory

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[finleysterling]

I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

[HarryStiles-kk]

I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

[DaniEles-rcij]

How is it not a crisis? its more money than the Military.. and we have the most expensive Military in the history of the world. ---- 900 Billion in interest payments.

[DaleHo]

Like Charlie Munger said. “If you jump out the window at the 42nd floor and you’re still doing fine as you pass the 27th floor, that doesn’t mean you don’t have a serious problem”. We could cut Military spending in half and not even notice. We spend more than the next 10 largest countries combined.

[themakerofmagic]

The gentleman raised his eyebrows when he said the fed is independent and raised it again when he said we can trust the fed

[rippingbag]

For scale, the GDP of South America is $4.04 trillion.

[jeffreywood]

Kennedy 2024!!!! Only one talking about national debt!!!

[Net-icine]

And nothing we say is going to save us from the fallout

[godzillamothra]

The US should sell some states to pay back the debts

[mal]

Biden: Look folks, we finally beat economics

[theruraloregonian]

If you get a check from the government, if you worked for it or not, you are the inflation we all hate.

[mysticwatersoo]

Dont ask what your country can do for you, ask what you can do for Ukraine- quote by modern day democrats.

[skyak]

The government needs to stop handing out money to buy votes. If the government hadn’t handed out $2T, there wouldn’t be a big inflation problem and the FOMC would have no problem cutting rates.
The federal government needs to close all the loopholes billionaires use to pay no taxes. That might not balance the budget, but it would go a long way and it would give the government the moral authority to tax for what it spends.

[All-gptt]

Uncontrollable spending by either party, soon or later dollars will collapse

[MegaPapa]

No guest wants to be a bad news bear. Good life goes on.

[lawrencesullivan]

Eliminate enormous tax cuts for the rich!

[ywtcc]

Lowering rates means there's more borrowing and more debt! LOL!

I think if the Congressional Budget Office took a look at the revenue side of the situation a different picture would emerge.
(Republicans cut taxes on almost everything that wasn't employment, then refused to address the deficit situation. Turns out some influential policy makers really like debt!)

You can't talk honestly about deficits and debts until you start talking about taxes.

It's not the 70s anymore, this routine has gotten extremely old.

[casienwhey]

Nothing will happen because the voters don't want to deal with it, so the politicians won't act. People want big government without the taxes.

[paulreynolds]

2:32-2:36: "I feel like I've been listening to the same story for more than twenty years" - as most of
Apparently, only DC has deliberately self-induced amnesia😵‍💫

[sudnkns]

why is erin even asking about MMT? We have already seen it is not a free lunch. Inflation, inflation, inflation.