Wall Street Journal Ranks OKC the fifth-hottest US Job Market

[traxx]

We might kick the can down the road several more years

How much further can we kick the can? It feels like we're running out of road.

[Dob Hooligan]

How much further can we kick the can? It feels like we're running out of road.

This is not a snarky reply...I think I first heard "How much further can we kick the can down the road" in regards to the economy, debt and tax structure in the early 1990s. Might have been after the Reagan tax cuts in the mid-1980s.

I'm guessing a looooooong time.

[Rover]

This is not a snarky reply...I think I first heard "How much further can we kick the can down the road" in regards to the economy, debt and tax structure in the early 1990s. Might have been after the Reagan tax cuts in the mid-1980s.

I'm guessing a looooooong time.

Yes, it's a phrase that shows there is no one that can tell you how much of a problem it really is. Theoretically, you can kick a can down the road forever. It will never be fully resolved.

[OKCRealtor]

How much further can we kick the can? It feels like we're running out of road.

No idea but I would guess it's a major issue in 5-10 years. Yellen said last week the debt load is '"manageable" lol.

More than likely this is our economic reality the next 4 years (I'm presuming Dems win & stay in power) but even if they don't I'm not sure anything changes. I think it could be a major issue the next election cycle as we'll be starting down closer to a $50 trillion deficit by then.

[Rover]

No idea but I would guess it's a major issue in 5-10 years. Yellen said last week the debt load is '"manageable" lol.

More than likely this is our economic reality the next 4 years (I'm presuming Dems win & stay in power) but even if they don't I'm not sure anything changes. I think it could be a major issue the next election cycle as we'll be starting down closer to a $50 trillion deficit by then.

You might be surprised to know the best balances has been under democrat presidents. Heck, Clinton actually had surplus. Biggest deficits of the past few decades have been in Republican administrations. We have run deficits for almost all of the last 60 years with the biggest deficits under Bush, Obama and Trump. Every time we get lower deficits the Republicans want to cut corporate and high wealth individual tax rates, exacerbating the deficits.

[mugofbeer]

You might be surprised to know the best balances has been under democrat presidents. Heck, Clinton actually had surplus. Biggest deficits of the past few decades have been in Republican administrations. We have run deficits for almost all of the last 60 years with the biggest deficits under Bush, Obama and Trump. Every time we get lower deficits the Republicans want to cut corporate and high wealth individual tax rates, exacerbating the deficits.

When did political comments become allowable again?

[Rover]

When did political comments become allowable again?

Just responding to previous post.

[CaptDave]

Just responding to previous post.

...with an accurate economic policy summary that is certainly applicable to the topic at hand.

[soonergolfer]

You might be surprised to know the best balances has been under democrat presidents. Heck, Clinton actually had surplus. Biggest deficits of the past few decades have been in Republican administrations. We have run deficits for almost all of the last 60 years with the biggest deficits under Bush, Obama and Trump. Every time we get lower deficits the Republicans want to cut corporate and high wealth individual tax rates, exacerbating the deficits.

You seem to conveniently omit the most important part of the equation for the cause of rapidly growing debt, which is spending. The interest payment on current debt for this year is about $1 trillion. That yearly interest payment will grow exponentially as old notes are paid off at low interest rates, then reissued at a higher rate. Collecting a few 100 billion more from corporations and wealthy people is a drop in the bucket without seriously cutting spending.