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> Simply passing bills to spend money that we don’t have may get things done, but our children have to pay for it eventually. Government debt is not that simpl
by aiisjustanif 5y ago
> Simply passing bills to spend money that we don’t have may get things done, but our children have to pay for it eventually.
Government debt is not that simple at all. A governments debts and budgets are no the same as a household.
This also completely ignores economic growth and how types of inflation (cost-push vs demand-pull) affect if inflation or debt is “good” or “bad”.
> So no, it’s not simply a matter of political will to spend all the money we want. There are limits.
Please explain the limits if it’s a dollar amount. Most economists agree that we actually do not know what the “limit” is and mostly we noticed very little if anything troubling caused directly by the stimulus packages. They overwhelmingly helped keep economic growth stable.