Quote:
Originally Posted by Cali Panthers Fan
Chalk me up as someone who is deeply concerned that Biden wants to spend $4 trillion. I'm not sure he can find the dollars with changes to the tax code and expected increases in GDP. I worry he isn't cutting enough fat in the budget to compensate for the shift in focus. Since we're just printing money here, I'm also concerned about deeply devaluing the dollar and thus American's savings (if they have any to begin with of course). This is a big gamble to put so much into government programs that have a mixed record of success historically.
There rube, I gave a direct criticism of Biden without fawning all over him. Happy?  |
I am concerned about this as well, and quite interested from a Canadian and American perspective. I posted a few graphs and videos trying to get someone who may actually know something about this (in liue of me who really has no idea), but I couldn't get anyone to comment.
Not sure if that is because people don't care, don't have the knowledge to comment.... or my fear was so unfounded it didn't matter.
With the fear of hyperinflation hurting savings, this video presents a case that we are indeed in a dangerous situation, but Biden's plan is correct (he isn't speaking about Biden or our current situation specifically, just general government tools and downturns and I interpret this as similar to what Biden is doing), however a "Beautiful deleveraging" needs to occur, which likely involves at least a small downturn.
It starts off pretty slow with some basic stuff, but stick with it.