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Can someone explain to me the negative consequences of running a deficit? Countries aren’t people. They don’t die. As long as countries are willing to lend us m
by intopieces 7y ago
Can someone explain to me the negative consequences of running a deficit? Countries aren’t people. They don’t die. As long as countries are willing to lend us money and the US can service the debt, what does it really matter if the national debt is multiples of the GDP?
- zrail 7y agoThere are no real negative consequences. Fiscally conservative people want people to think there are because it's a way to counter government spending with an argument that makes sense on the surface, despite the fact that the argument is completely wrong if you spend a few minutes thinking about it.
- Gh0stRAT 7y agoWe will spend $479 Billion in interest on the national debt in 2020. That's >22 NASAs-worth of money, if you care about space exploration. It could be roads or high speed trains or education or healthcare or whatever you care most about. Instead it's going towards paying interest on debt incurred for cheap political wins in the past...
- intopieces 7y agoThat doesn’t matter, because it’s not a binary choice — that is, we don’t not spend money on NASA because of the deficit.