Posted by 5354_ > 2023-01-31 10:14 | Report Abuse

Reduce debt meaning less fund for projects?

Posted by speakup > 2023-01-31 11:59 | Report Abuse

cut pension, civil servants & pensioners come after u
cut bumi privileges, bumi come after u
cut fuel subsidy, motorist come after u

so at the end, nothing can cut, all status quo

Posted by nicholas99 > 2023-01-31 12:02 | Report Abuse

less project maybe. cut wastage.

Posted by beinvested > 2023-01-31 12:44 | Report Abuse

n USA, George W Bush caused the US debts increased from USD5 Trillion (Yr 2000, since 2 centuries ago, from 42 presidents) to USD10 Trillion (2008).

Next, Mr Obama caused the debt increased to USD20 Trillion (in 8 years, 2016).

The last 6 years, debt climbed From USD20 Trillion to USD31.5 Trillion.

With this debts, reaching the ceiling, the economy of USA is critically bankrupt if not collapsed.

SO, in Malaysia the initiative to contain/controlling the debts from going higher is very important.

Posted by beinvested > 2023-01-31 12:55 | Report Abuse

With such a huge debts from the US gov...just like if you have several millions of loans and when each RM10 can only get one teh tarik, then your debts of millions will look not so threatening. Then, probably your lands/house now can fetch double the price. And debts now is looks easy for you. WHY? Inflation!

With such a high debt level, you need inflation...but may not be successful because there are other side effects on the economy when you have caused the inflation.

Posted by beinvested > 2023-01-31 13:05 | Report Abuse

How the US gov can deal with this USD31.5 Trillion of debts?

Posted by nicholas99 > 2023-01-31 14:02 | Report Abuse

Raise the limit and keep issue debt. :) enjoy while it last while he still can. 4-5 presidents before biden did so. what made you think he will do otherwise?