This Looming Crisis Could Ruin Many
Forbes
We must deal with the debt if we are going to survive . We have two options: Simply stop spending or grow the economy. “Stop spending” is easier said than done. And boosting growth is going to be difficult too. Where have we been? This is not the 1980s environment that Reagan encountered. Stock markets are at highs, not lows, as they were in his term. Today, the market capitalization is 196% of GDP… versus 40% when Reagan took office. Reagan also had a falling-interest-rate environment. Plus, he had a huge demographic shift to work with… baby boomers who were coming of age. Reagan also had his recession at the beginning of his term, so the economy was coming off its lows. There was a great deal ...
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