▲ | jack_h 5 days ago | |
I think we’re actually broadly in agreement. I’m unfortunately busy at work so I’m not articulating my position as well as I perhaps should, but I don’t think all debt or deficit spending is bad. It absolutely has a place and should be utilized. I don’t think this explains the US though. We’ve already hit 100% public debt to GDP (or 120% total debt to GDP) and I’m not seeing this slowing down. The last projections from the congressional budget going into reconciliation is a doubling of public debt in 10 years from what I remember. |