ExiledInIllinois Posted December 29, 2012 Share Posted December 29, 2012 (edited) The government has printed trillions of dollars. At some point in time (most likely when the economy starts creating real job growth) inflation will hit us and interest rates will skyrocket. 10% x 16.5 trillion is interest of 1.65 trillion annually. Where is that money going to come from? Borrowing? More taxes? There is gonna be a big bulk of the population that will be dieing off in 30 or so years, how does that factor into the equation? Edited December 29, 2012 by ExiledInIllinois Link to comment Share on other sites More sharing options...
3rdnlng Posted December 29, 2012 Share Posted December 29, 2012 There is gonna be a big bulk of the population that will be dieing off in 30 or so years, how does that factor into the equation? From starvation? Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted December 29, 2012 Share Posted December 29, 2012 From starvation? Link to comment Share on other sites More sharing options...
Cinga Posted December 29, 2012 Share Posted December 29, 2012 There is gonna be a big bulk of the population that will be dieing off in 30 or so years, how does that factor into the equation? less people to help pay off the debt?? Link to comment Share on other sites More sharing options...
Fan in San Diego Posted December 29, 2012 Share Posted December 29, 2012 Obama should have used this as a small carrot to get a deal done. Unless one has already been reached? I haven't been watching the news much this week. Link to comment Share on other sites More sharing options...
Chef Jim Posted December 29, 2012 Share Posted December 29, 2012 less people to help pay off the debt?? Less people on SSI and Medicare. It will be interesting to see how our "extinction" will affect things. Link to comment Share on other sites More sharing options...
/dev/null Posted December 29, 2012 Author Share Posted December 29, 2012 Less people on SSI and Medicare. It will be interesting to see how our "extinction" will affect things. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted December 29, 2012 Share Posted December 29, 2012 Less people on SSI and Medicare. It will be interesting to see how our "extinction" will affect things. You may never know! Heck, I may never either. I am only 8 years younger than you. And God only knows, the way I am going, one of you gun nuts will pop me off! http://www.youtube.com/watch?v=-Vw2CrY9Igs LoL... Is that you... The kid with the red hair? AD is the fat guy... 3rd, the dude w/the chain. Enough brain power in that room to fire a 4w nightlight bulb! J/K... Link to comment Share on other sites More sharing options...
/dev/null Posted December 29, 2012 Author Share Posted December 29, 2012 LoL... Is that you... The kid with the red hair? AD is the fat guy... 3rd, the dude w/the chain. Enough brain power in that room to fire a 4w nightlight bulb! J/K... Dude, i ain't no freaking Ginger I have dark brown hair and a soul Link to comment Share on other sites More sharing options...
Chef Jim Posted December 29, 2012 Share Posted December 29, 2012 Dude, i ain't no freaking Ginger I have dark brown hair and a soul Better Red Than Dead!! Link to comment Share on other sites More sharing options...
/dev/null Posted December 29, 2012 Author Share Posted December 29, 2012 Better Red Than Dead!! Daywalker! Link to comment Share on other sites More sharing options...
Bigfatbillsfan Posted December 29, 2012 Share Posted December 29, 2012 Twice in the last five years? Feds haven't seen a COLA in 3-4 years, each year... And that is usually a slight COLA... Mabe 1-2%. And anyway... Once an employee, GS or WG (I am wage grade) schedule, "steps out"... They are done. COLA's become the only "raise." WOW... Just wow! I am gonna pull a Ron Paul... They should just tear it down to build it up, take their medicine! Mass default. Flood the court systems. It's not the GS and WGs getting raises that upsets me. It's the raises to the people that are keeping us in this mess. Why the hell am I forgoing a COLA because congress is acting like spoiled children while they get a raise. I know things aren't always that easy and there may be a good hidden meaning behind the raises. Just venting. Link to comment Share on other sites More sharing options...
dayman Posted December 29, 2012 Share Posted December 29, 2012 less people to help pay off the debt?? and for the record the millennials are in greater numbers and will enter their working prime about the same time the boomers start dying off. Link to comment Share on other sites More sharing options...
Meathead Posted December 29, 2012 Share Posted December 29, 2012 It's really not the huge disaster some like to make it out to be, just a problem in need of a plan that is well within our reach. correct Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted December 30, 2012 Share Posted December 30, 2012 The problem with the government ever getting back on stable footing is the amount of money they have been printing, and what that will do to inflation and interest rates down the line. Think what 10% interest rates on 16.5 trillion dollars will do. Not a pretty picture, eh? 10%??? Bwwwwwaaaaaahhaaaahahahahahahahahahahahaha! Link to comment Share on other sites More sharing options...
3rdnlng Posted December 30, 2012 Share Posted December 30, 2012 10%??? Bwwwwwaaaaaahhaaaahahahahahahahahahahahaha! Do you think 10% is out of the realm of possibility? Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted December 30, 2012 Share Posted December 30, 2012 Do you think 10% is out of the realm of possibility? On the low end, yes. I expect rates as high as 18-23%. In fairness, 10% will be touched on the way there. Link to comment Share on other sites More sharing options...
3rdnlng Posted December 30, 2012 Share Posted December 30, 2012 On the low end, yes. I expect rates as high as 18-23%. In fairness, 10% will be touched on the way there. For Treasuries? Hope you are wrong, but 18-23% was what we had in Carter's days, and we are in worse trouble now. I get a kick out of the posters here who claim that they don't follow things all that closely, but are sure that everything will be fine. I guess all this country needs is a smooth talking teleprompter reader to convince us that all lunches are free. Link to comment Share on other sites More sharing options...
TPS Posted December 31, 2012 Share Posted December 31, 2012 you cant really compare a standard family budget to that of the gubmint. unless a long lost rich uncle dies a family doesnt have the capability for a massive future income flux. virtually all budget problems are fixed by a booming economy. granted, this economy hasnt been booming for a long time and might not boom again for a while, but it can at least happen at some point. they certainly need to do something about the deficit but its not quite as simplistic as that little example would have us beleed Your common sense response doesn't work for the sky is falling crowd. There will be a fiscal patch, and the economy will grow by 2.5-3% next year. Unemployment will fall and possibly dip below 7%, and the deficit will decline by $300 bil. next year. The 10-year t-bond will end the year between 2-2.5%.. Entering the 6th year of QE policies, 3rd and tasker will continue to squawk about the coming weimar inflation rather than try to understand why they are wrong. Happy New Year PPP! Link to comment Share on other sites More sharing options...
meazza Posted December 31, 2012 Share Posted December 31, 2012 Your common sense response doesn't work for the sky is falling crowd. There will be a fiscal patch, and the economy will grow by 2.5-3% next year. Unemployment will fall and possibly dip below 7%, and the deficit will decline by $300 bil. next year. The 10-year t-bond will end the year between 2-2.5%.. Entering the 6th year of QE policies, 3rd and tasker will continue to squawk about the coming weimar inflation rather than try to understand why they are wrong. Happy New Year PPP! Based on? Link to comment Share on other sites More sharing options...
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