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Not to mention 4% over 10 years would halve the value of our debt; if the national debt were truly a concern for the far right, then they would be pushing for a
by mmanfrin 11y ago
Not to mention 4% over 10 years would halve the value of our debt; if the national debt were truly a concern for the far right, then they would be pushing for a monetary policy that encourages a bit more inflation. As it stands, though, 'the debt' seems to be dog-whistle words for 'cut social programs'.
A monetary policy that encouraged a bit more inflation would necessarily free up cash to pay for more social programs and reduce the real value of the debt. Instead, the debt is being used to champion austerity for programs that help the poor.