Sunday, October 6, 2024
US $35 trillion debt costs $3 billion a day (or $1 trillion a year); when will US solve this challenge
Looking forward to the future of business
Savings from oil and coal importation
We could not generate that much profiit in a year (that is P150 billion ) We are lucky to make a million PHP a year. And yet that is the reality of US economy and financed. That is the downside of Keynesian ecoomics (deficit spending to pump prime the economy)
Nobody is the US Legislature is taking steps to balancee the US budget and solve this debt crisis:
1. No plans to increase revenues and reduce expenditures?
2. Everybody in US wants to spend more and more: for US military, foreign aid, more federal spending
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