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"Anybody looking at the book and saying "there's a trillion dollar deficit, we're stealing from the future" would have it completely backwards. " Isn't that on
by thatguy0900 4y ago
"Anybody looking at the book and saying "there's a trillion dollar deficit, we're stealing from the future" would have it completely backwards. "
Isn't that only true if the government is spending that money in a way that creates wealth down the line? I think that is a very debatable notion. Not only is the government not creating that army of doctors and nurses, it's allowed the creation of a system where only a limited amount of doctors and nurses can be made privately. They are not good stewards of the money looking out for your grandkids best interest.
- bryanlarsen 4y ago> Isn't that only true if the government is spending that money in a way that creates wealth down the line? Yes exactly. Which is why the amount of the deficit isn't particularly relevant, it's how it's spent. For example, giving everybody COVID relief cheques makes inflation worse, but spending on green infrastructure lowers inflation in the long term.