Fed Chair Powell: 'The U.S. federal government is on an unsustainable fiscal path' - Yahoo news
Federal Reserve Chair Jerome Powell has repeatedly called out the ballooning U.S. national debt. He did so again while testifying to Congress on Tuesday.
"The U.S. federal government is on an unsustainable fiscal path, "Powell told the Senate Banking Committee, noting that "debt as a percentage of GDP is growing, and now growing sharply... And that is unsustainable by definition.
He continued: "We need to stabilize debt to GDP. The timing the doing that, the ways of doing it through revenue, through spending, all of those things are not for the Fed to decide."
Powell later added that the "single biggest thing" that drives the "unsustainability" is health care delivery. We spend 17% of GDP, everyone else spends 10%. ... It's not that benefits themselves are too generous. We deliver them in inefficient ways.
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Luke Gromen
https://www.macrovoices.com/527-luke...-already-begun
https://www.macrovoices.com/macro-vo...nd-luke-gromen
"True interest expense" (Gross Int Exp + Entitlements) will likely be >100% of US tax receipts in <24 mths.
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a) ABD Merkez Bankası başkanı Powell, ABD'nin borç/milli_gelir oranı artıyor. Bu sürdürülebilir değil.
Bunun en önemli nedeni sağlık harcamaları.
b) Luke Gromen. 24 ay içinde, ABD'nin vergi gelirleri, faiz harcamalarına ve sosyal devlet harcamalarına (sağlık + emeklilik) eşit olacak.
İkinci dünya savaşı sonrası doğan nesil (baby boomers) emekli olmaya başladı, bu da emekli ödemelerinde ilave baskı yaratıyor.
....
Noktaları birleştirince, sosyal devletin giderek tasfiye edildiği enflasyonist bir ortama girme ihtimali artıyor...
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