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> As is the way with most government debt - ideally, economic growth will outpace the cumulative interest accrued by the debt. Actual growth might not, but as
by koolba 5y ago
> As is the way with most government debt - ideally, economic growth will outpace the cumulative interest accrued by the debt.
Actual growth might not, but as most infra spending is financed with fixed rate bonds, a couple more years of Biden’s 9.6% inflation will take a nice bite out of those costs in future dollars.
- hkt 5y ago"Biden's 9.6%" - I'm not american so this seems like a peculiar way of putting it since inflation is spiking across the whole western world. It seems weirdly partisan, was that the intention?