Re:Will there be 50B+ in student loan delinquencies in US?
by guiambros on Saturday August 10, 2024 @12:06AM
(#41207247)
> ...HN will deny that the US economy is cratering, I will be downvoted to hell for saying so...
You may think you're being downvoted because people disagree that the US economy is cratering.
No, I don't think that's the case. You're being downvoted for making unsubstantiated shallow statements, that don't add value or contribute to the discussion. Per the guidelines: "Comments should get more thoughtful and substantive, not less, as a topic gets more divisive."
Also: "A good critical comment teaches us something."
I do think the US economy is in a dire state. Federal spending is the highest point has even been (pandemic aside) [1], our national debt has skyrocketed to $35T, and we're nowhere near having a sane bipartisan conversation during this election cycle. In the best-case scenario, it'll take another 4 years for us to start facing the reality, and then a decade or two to improve it.
If you have a robust and unbiased perspective, based on data, I'd love to hear more. And I bet you upvotes will follow (or at least you don't be downvoted).
You may think you're being downvoted because people disagree that the US economy is cratering.
No, I don't think that's the case. You're being downvoted for making unsubstantiated shallow statements, that don't add value or contribute to the discussion. Per the guidelines: "Comments should get more thoughtful and substantive, not less, as a topic gets more divisive."
Also: "A good critical comment teaches us something."
I do think the US economy is in a dire state. Federal spending is the highest point has even been (pandemic aside) [1], our national debt has skyrocketed to $35T, and we're nowhere near having a sane bipartisan conversation during this election cycle. In the best-case scenario, it'll take another 4 years for us to start facing the reality, and then a decade or two to improve it.
If you have a robust and unbiased perspective, based on data, I'd love to hear more. And I bet you upvotes will follow (or at least you don't be downvoted).
[1] https://fiscaldata.treasury.gov/americas-finance-guide/feder...