Home Topics in Depth Economics Look Out For A Debt-Driven Bubble That Could Burst Any Day.

  • Eggar (1141 posts)
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    Look Out For A Debt-Driven Bubble That Could Burst Any Day.

    Mom Cat, DJ13, 7wo7rees and 3 othersCommon good, Abelenkpe, jdpriestly like this

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6 replies
  • Abelenkpe (298 posts)
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    1. Oooo, debt?

    Cue the need for austerity, tax cuts for the rich and cuts to social programs.

     

    If we can’t have secure well paying jobs. And we can’t retire or afford to educate our kids. If our kids can’t expect a good paying job after busting their butts during school…because robots and globalization. If we can’t afford to protect our drinking water, oceans or land from pollution. Why do we pay taxes? What is our government for if every decision they make benefits business and ignores the needs of workers? I can’t actually remember a ‘win’ for anyone but corporations and the wealthy since I was a kid in the 80’s. Seems like every good thing (Civil rights, workers rights, the New Deal) has just been dismantled. Am I just being too negative?

     

    • Eggar (1141 posts)
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      2. +1000 – ^^That^^!! ('-' )

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    • ddr007 (133 posts)
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      5. Maybe they will cut back on military spending instead.

      I’d love to go into this in more detail, but I have to answer the doorbell. There are bunch of guys wearing white coats out there. They look like they mean business.

      • Abelenkpe (298 posts)
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        6. LOL 😂

        Just don’t answer the door 🙂

  • 99thMonkey (2423 posts)
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    3. Meanwhile all we 'little people' can do, is simply watch

    and lose pensions, investments, and maybe our savings accounts.

    • Eggar (1141 posts)
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      4. Sad to be at this stage

      I once had a 401k for a moment. Not too disappointed I had to cash out yrs. later

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