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Energy Discussion

ChuckMK23 said:
How soon before the music stops re: $40T debt? Genuine question. I will retire soon. Is UK style austerity in our immediate future?
Click to expand...
The reality is this (with rounded numbers):

-$1T on interest that isn't negotiable
-$1.2 T on military
-$3T on healthcare (medicare + ACA)
-$1.5T on SS
-$800 billion on literally everything else

$2T deficit

If you go back to pre Bush tax rates you raise $0.5-1T (maybe... we're still not out of the 2008 recession and this could be the straw that breaks the camel's back).

You can't balance the budget without repealing Obamacare subsidies to employers. It's literally not possible.

So the answer to your question is whenever we pass sweeping healthcare reform. You have to view GOP fiscal policy over the last 15 years as purposefully forcing that decision.
 
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ChuckMK23 said:
How soon before the music stops re: $40T debt? Genuine question. I will retire soon. Is UK style austerity in our immediate future?
Click to expand...
Probably not that bad, but some belt tightening is on the way. Beyond the possibility that you might not get the usual annual increase (like Trump announced recently for ‘27) for a few years, your retirement is likely secure.
 
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