When the Comptroller General of the US quits because he’s unhappy about policy….
Chipper pointed this out to me
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Settler words&music in S'ólh Téméxw, (leanpub.com/upsun) living where privilege meets precarity in MST country. she/her/they———– Novels: Midnite Moving Co., Upsun; Sweep Off Those Waves coming soon, Hair Sinister after that. —Restore All Indigenous Lands!
Yes, I saw the man live on Business News Network (BNN), and he threw out some very scary #s
US gov debt =$175,000/citizen
household domestic debt = $440,000/household
What generation is supposed to pay that off?
And a # of opinions about what is wrong with that and other aspects of the current administration’s policies
This grim picture was painted by my Macro Economics professor in my first year of university. First, there will be no money in a fund for YOU when it comes time to retire. Two, there will not be a large enough population to support your retirement (at that point the average number of children per family was 2.1, it has since dropped). Three there will not be enough workers to produce the goods and services you are going to need. The answer he said will have to be to increase immigration to provide the workers that will be needed to sustain us in retirement. I agree that living with a growing deficit is plain wrong on every level and I wonder what will happen to Jenn when she retires and her children retire and so on. However, increasing immigration will definately change the face of Canada (and US if they choose to follow this route) which I must say seems contrary to the current beliefs of the US and their Department of Homeland Security.