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That's unsustainable. You can't cut taxes and subsidize cronies. The money has to come from somewhere.
by eli_gottlieb 10y ago
That's unsustainable. You can't cut taxes and subsidize cronies. The money has to come from somewhere.
- Atheros 10y agoIt's certainly unsustainable but that doesn't mean that it cannot be sustained for 20 to 60 years. The money can come from buyers of treasuries. And indeed it has. http://www.usgovernmentspending.com/spending_chart_1900_2016USp_12s1li011lcn_H0f http://www.usgovernmentspending.com/spending_chart_1900_2016... And it's cheaper than ever for the government to do. https://1.bp.blogspot.com/-GLYubON4v7A/UPTBpQUr8eI/AAAAAAAAE0I/aMPpuwRZzuA/s1600/us-treasury-yields-since-1800-all-time-low.png https://1.bp.blogspot.com/-GLYubON4v7A/UPTBpQUr8eI/AAAAAAAAE... As long as we never try to pay it back.