Oddbean new post about login | logout U.S. Debt will reach $153T by 2054. YOU ARE HERE. https://m.primal.net/LVoG.png
Wow! What’s the model based off?
I think it's based on 4 different scenarios over the next 30 years: 1. Raise taxes by 20% w/o slowing the economy 2. Cut discretionary spending by 50% 3. Real economic growth of 8-10% 4. Print money to induce sustained 8-10% inflation The model thinks that only the option 4 is possible which creates an annual interest payment of $5T over the next 30 yrs. It's a River research by Sam Baker.
