Again, you're putting words in my mouth. I never said we're not good. I just said the US has the largest economy, but we're also not perfect. We're essentially in a recession or heading into one, depending on what economists you ask. We've had the #1 average value of GDP (nominal) for decades, but other countries have made up ground. China has tripled their GDP since 2010 and moved firmly into #2. India has rebounded in the last 10 years and some expect them to grow to $22 trillion in the next two decades. I don't want to model our economy after either of these countries, why would I? That doesn't mean I don't want us to improve, they don't have to be mutually exclusive. I want less spending, less regulation, less taxes. That will help economic growth just fine.
Yes, forgiving student loan debt is the best way to stimulate the economy. We're going to believe that people that can't manage their money or their debt are going to be this big boon. You bail them out they don't learn a lesson, they just end up getting in over their head once more. Yeah, just pay off the loans and screw over all the responsible people that paid theirs off, that will go over real well. There's a reason Biden couldn't deliver on the student loan promise, he knew it was unconstitutional to begin with, but that didn't keep him from pulling the wool over the eyes of young voters.
You assume a lot. I didn't hold a mortgage until the last week of 2010. I sold the property in 2020 and built our next house in 2021 at a fixed rate of 2.5%. Because of my previous equity I'm paying just $1200/month with taxes and insurance included on a $300,000 home that I'll have paid off in 10-13 years now. For reference that's roughly the same value as renting a much smaller home in this area. For a few extra hundred bucks a month I'm saving $60,000+ over the life of the loan and looking at being debt free by the time I turn 50. You also assume I'm not already investing in mutual funds. Could I be making more investing the difference? Maybe, depending on the market conditions. I'll also be able to invest the entire amount I'm putting into my mortgage once it's gone, and I can look at riskier options with less financial responsibility to worry about.
Show me where I said I don't care about the deficit? Once again, I didn't. All I stated was a fact: we've run a deficit every year since 1970 save for 4 years. I don't like it, but I also acknowledge that it's not going to change anytime soon. They should quit overspending. How will they make me pay for their spending? They'll do what they always do, they'll tax me, or they'll steal from other programs like Social Security.
