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> The "Deficit" boogeyman is a tired scare tactic. Spending money on things that are worth their cost is not bad. This is insane. Look around at the economic t
by rank0 4y ago
> The "Deficit" boogeyman is a tired scare tactic. Spending money on things that are worth their cost is not bad.
This is insane. Look around at the economic turmoil in the US right now. The government spent $400B last year on interest payments alone. That’s 2/3 our military budget. We’re never paying down our $30T owed.
They fund the difference by selling bonds to the central bank, creating money out of thin air. This destroys the lower class, who have no assets that move with inflation.
In what world do you think it’s appropriate to deepen our debt burden and destroy American savings to “deprivitize” the internet? Americans can’t even afford healthcare and shelter for gods sake.