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You have it backwards. A balanced budget would not be fiscally responsible because money IS debt. If you like economic growth, then a balanced budget will cripp
by mempko 3y ago
You have it backwards. A balanced budget would not be fiscally responsible because money IS debt. If you like economic growth, then a balanced budget will cripple it, which is not fiscally responsible from that perspective.
On the other hand economic growth is causing our climate an ecological crisis. So a deflationary event, done responsibly, should be considered.
- Acrobatic_Road 3y agoA balanced budget at this point is impossible. We are heading toward 3 trillion dollar deficits by the end of the decade. At most, we can hope to rein in the growth of the debt, but the US will never run a balanced budget in your lifetime so this point is moot. >On the other hand economic growth is causing our climate an ecological crisis. So a deflationary event, done responsibly, should be considered. Legitimately evil thinking. Yeah, let's destroy the economy because of climate. Do you think poor countries can afford to care about the climate?