What really irritates me? They don't talk about it. Everything is more important to them, when actually nothing is more important! The only thing politicians should be talking about is the national debt and the debt ceiling. They should bring the military home from other countries. They should stop giving away money and stop the special interest #$%$ immediately. We should vote online, vote on issues, and have the politicians work for use to make it happen or let them go. Ross Perot was right. It is time to fix the government. Improve it. Start and make some positive changes, like folks voting for issues, so they actually have control. Vote for where money gets spent. Vote for taxes, do you want more, or can we lower them a bit? Etc.. Time for some nice changes. It's doable. It's innovation.
In 1981 the national debt was $1T. If they were smart enough to understand what a debt ceiling means, the debt would still be $1T instead of 18 times that, or maybe they could have paid it off. What's really stupid is that it gets ignored, though the interest is crazy like you said, like it's nothing. The stock market market cap total is around that much, I think, $17T or so (check for yourself). The profit of those companies might be 10% (or that might be high), so they are spending how much more than they take in? 1.1/1..7 = 65% of the income of all the companies on the stock exchange. So they spend 65% of all that income more than they take in. How stupid! What they do is compare the new debt to the GDP, which is foolish; I think they do it to make it seem like it isn't a problem, but GDP is merely how much money changes hands and isn't the profit of the stock market.
If anyone sees a mistake in my numbers, let me know.
Yeh, you can see it right here on yahoo finance spy as well. 2 peaks to 150. Should drop back to there for support.
that's a 25% drop; just a hunch. Look at a long term (max years for the sp500). Takes SPY to around 150.
sooner or later it has to take the us economy down the drain. The interest is up there in dollars value near the military spending. What if rates move up? What if the Chinese Juan or some other currency gets a foothold; maybe it already has. There is a reason why there is a debt ceiling and if they had stuck to it, the debt wouldn't have gone from $1T to $18Tfrom 1981? or so to now. How stupid. At any rate it is and has to be pared back. With what effect? It ain't gonna be easy to pay off all that debt in a sheeeety economy. Stupid is the understatement of the year. Then what if something serious happens with NATO and Russia, terrorism, etc.. There is no way to justify taking the national debt from $1T to $18T. It should have been $1T and moved to zero or never been $1T in the first place. Belt tightening is going to cause the stock market to #$%$ out. The only thing saving it is the illusion (when you ignore inflation).
I'm hoping they decide to change the statute of limitations (get rid of it) as a result. This could be a classic case. After 30 women come out and say they got raped, I think there is evidence ENOUGH. I think it's stupid to have a statute of limitations. I don't think they have one for murder. Rape is a violent crime as well. I couldn't believe the OJ Simpson case. What an insult these two cases are and what a joke they make of the legal system, when it comes to wealth buying protection for those that commit violent crimes.