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Well I gave you an upvote for reaching the correct takeaways (public uninformed and we need to raise debt limit) but I can see a couple reasons you might be dow
by Steko 15y ago
Well I gave you an upvote for reaching the correct takeaways (public uninformed and we need to raise debt limit) but I can see a couple reasons you might be downvoted:
(1) Presenting a heterodox theory as fact or mainstream.
(2) Muddled argument. The whole "being against government debt is being against private assets" line is incredibly weak. The less forceful but less controversial version of this argument is simply that the debt is a (possible) long term problem but we have a real short term crisis that is more important. As Brad DeLong says if you have some corroded gas pipes that might explode in 10 years you'll want to fix that eventually but that doesn't mean you don't turn on the heat during a blizzard.