Saturday, April 1, 2023

Borrow Our Way to Prosperity?

 I often wonder if our selfishness is propping up the economy and stock market to the detriment of our children?

🙁 Thoughts?

If you really want to understand the consequences of us current citizens demanding low taxes and high benefits... Please review this scary document. 😮

2 comments:

Anonymous said...

In Key West, they have to replace the pipes that bring water to the island. It will cost a couple of billion dollars, conservatively. A couple of years ago, they could have borrowed the money for free. Now it will cost them a pretty hefty amount in interest. You may not be ble to borrow your way to prosperity, but nothing in Key West is worth very much without water.

==Hiram

John said...

Intrastructure spending usually pays for itself over time...

A lot of the government spending does not...