It’s like with cattle. You cull the hell out of your heard when the market is up, and build once the price drops. But that’s the opposite of how most do it. My father-in-law acted like I smacked him in the mouth when the price sky rocketed and everyone was buying everything on four hoofs and I told him he was crazy for keeping all his heifers instead of selling them. Even bottle dairy calf’s we’re going for 400 to 500 dollars.
I think we’re at an interesting time with public and private debt. Eventually we have to live within our means.
The crazy part is that the government spends close to 2 dollars to get around .80 cents of economic activity. Bloat and administrative cost I guess soak it up.
I believe we're set to run a $1.3T deficit this year. And I remember when Reagan took grief because it hit 4T.
yes, but tax receipts are growing to all time highs, so eventually they'll outgrow the deficit if you stop increasing spending which no one ever seems to want to do.