IMF issues warning to USA for overspending and debt balloon
#7

(20-04-2024, 10:56 AM)Alice Alicia Wrote:  Most of the money are spent on war machines and murdering people.
https://youtu.be/_iwW5PQcdGw?si=YhdXhFm3YOD00yms

second to Unfunded budget. 

nbcnews.com › politics › congress › republican-budget-raise-age-retirement-social-security-medicare-rcna144341
Republican budget would raise the age of retirement for Social Security
Mar 20, 2024Medicare is projected to become insolvent in 2028, and Social Security will follow in 2033. After that, benefits will be forcibly cut unless more revenues are added.

manhattan.institute › article › behind-cbos-100-trillion-in-projected-deficits-over-30-years
Behind CBO's $100 Trillion in Projected Deficits over 30 Years
Chart 6 shows that, of the $104 trillion in budget deficits forecast over the next 30 years, the general revenue transfers needed to pay all Social Security and Medicare benefits (plus interest) account for $101 trillion. The rest of the budget will

"In a sound retirement system, we would have $68.1 trillion in the bank earning interest. In fact, we have no money in the bank for future expenses." CONGRESSIONAL RESEARCH SERVICE.

America will need to lower expenditure, any cut impact to not only to its people and the world spending power.
Spore must prepare for slower growth world.
Reply


Messages In This Thread

Forum Jump:


Users browsing this thread: 1 Guest(s)