Reply to Why is the media not talking about the massive U.S. government debt?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]I agree the National debt is a problem, but there are only two way to address this problem raising taxes or cutting spending.[/quote]

The third option is inflation.

And, yes, we need to balance the budget using all three mechanisms.  This will necessarily include cuts to Medicare, Social Security, and the military.

I have no idea why the press does not seem to want to address any of this, since the debt is probably the US's biggest problem.  And, no, nothing that the Trump administration is doing right now is actually helping to solve any of it in any sort of meaningful way.  At most, it amounts to the arranging of deck chairs on the Titanic.  We need to go after the three largest expenses and also increase revenue.  Part of increasing revenue is increasing GDP, and the current tariff situation precludes that.  The whole situation is a big mess and neither the majority of voters nor the press (nor Congress) seems to care.[/quote] Ross Perot focused on the debt during his presidential run back in the day, so it comes up from time to time.

The Fed is also a major culprit for buying all the excess treasury debt starting in 2008 and really continued until 2023. This has artificially suppressed interest rates for 15+ years, and encouraged more government spending than would have naturally occurred, if they would have let the free market work. We would have had higher rates sooner, with less debt.

Trumps tariffs are pushing down rates now b/c people expect a recession.[/quote]

Rates will not go down if there is stagflation.

The debt increases are predominantly tied to unfunded taxes cuts and military spending by Republicans.

Nice attempt to re-write history. [/quote] You must not being paying attention to daily markets. I buy 3-5 year treasuries at the end of every month. Last month I got 4.375% for 4-yr paper. This month  3.995%, that’s a significant drop in the treasury world.

And it’s a fact that the Fed tripled their balance sheet buying treasury debt and mortgages. So not sure what history you are referring to being rewritten.
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