This is the best summary I could come up with:
A boiling frog situation is one in which people fail to act on a potential problem that grows over time, causing it to become more severe until it eventually bubbles over.
It’s an issue that has worried economists for years, and calls for something to change have grown louder as the government continues to borrow at record volumes.
The debt picture will only worsen in the coming years, according to the Congressional Budget Office, which estimates that the US’s entitlement spending, mandatory spending, and net interest payments on the debt will exceed the government’s total revenue by the early 2030s.
“The problem for the US is the starting point; every round of fiscal stimulus brings the US one step closer to debt unsustainability,” JPMorgan strategist Michael Cembalest said.
“However, we’re accustomed to deteriorating US government finances with limited consequences for investors, and one day that may change (the boiling frog analogy),” Cembalest added.
Risks of a recession are still alive this year, Cembalest warned, though he noted that a coming downturn would likely be mild.
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“The problem for the US is the starting point; every round of fiscal stimulus brings the US one step closer to debt unsustainability,” JPMorgan strategist Michael Cembalest said. “However, we’re accustomed to deteriorating US government finances with limited consequences for investors, and one day that may change (the boiling frog analogy),” Cembalest added.
Notice how he doesn’t mention the bloated military budget, only ‘stimulus’. I do not think ‘debt’ is the issue that will end up killing the U.S., as long as the Dollar is the reserve currency it can keep printing as much it wants.
Eliminate billionaires. Boom. Done.
Yup you all voted to let the rich people keep all their money, dont come skulking around with your hat out talking about how we have to buckle down.
10 people have all the money, it should not be hard for you configure out who to go after if you need money, if your answer is anybody other than those people fuck off.
Loan shark shaking his head and waging his finger at all the predatory loans his neighbors have gotten themselves into.
100% tax on any amount greater than $999,999,999 and also tax the churches.