4 ms·
Because we can increase GDP (via public spending, yay!) and make our debt situation look like it's improving. Look, nominal total debt may not be perfect either
by swaits 15y ago
Because we can increase GDP (via public spending, yay!) and make our debt situation look like it's improving. Look, nominal total debt may not be perfect either, but saying Clinton reduced debt is factually wrong. In every year, we spent more than we had. Debt increased. They all do it.
The debt dollar is a horrible instrument that will not end well. We may be decades off, but it's gonna be ugly.