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It's worth noting that the government has 3 primary tools for dealing with the burden of debt. (Debt brings with it interest payments, reducing the effectivene
by RickJWagner 5y ago
It's worth noting that the government has 3 primary tools for dealing with the burden of debt. (Debt brings with it interest payments, reducing the effectiveness of government.)
1) Tax increases. Political poison.
2) Reductions in entitlements. Unpopular with many (depending on which entitlements are reduced.)
3) Inflation. Sometimes nearly invisible, it only becomes politically dangerous when it's a good deal above average and in the public eye. (We are there now.)