3 ms·
What is a “debt bomb” when we talk about federal spending? Suddenly, overnight - we’re seeing 10,000 percent inflation? Hyperbolic.
by germinalphrase 6y ago
What is a “debt bomb” when we talk about federal spending? Suddenly, overnight - we’re seeing 10,000 percent inflation?
Hyperbolic.
- peteradio 6y agoYou're the only one saying 10,000 percent inflation. Maybe its "only" being saddled with such high taxes to service debt our country is crippled. How would it be to have taxes comparable to Norway + nonexistent government services?
- germinalphrase 6y agoThe phrase “debt bomb” fees hyperbolic because it suggests our national spending is about to have some kind unpredictable/explosive problem. We have had persistently low inflation despite significant money creation since 2008. Inflation is typically the reason we avoid creating money to fund national level spending. If someone who knows better wants to breaks down the scenario for me, please do - but as is, calling short term emergency spending a debt bomb seems overblown.