Japan has been running a national debt at somewhere between 200% to 300% of GDP for at least a decade now. They seem fine. The deficit is actually not a big dea

Japan has been running a national debt at somewhere between 200% to 300% of GDP for at least a decade now. They seem fine. The deficit is actually not a big deal in comparison to the threat to the economy posed by climate change or by endemic poverty. The obsession with opposing deficits in the face of crises that are WAY worse than any vague threats posed by a large deficit is bizarre and really just a covert way of trying to make sure rich people never have to pay their fair share in taxes.