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I am not sure why so many take it as a partisan observation. There was a time when a total debt of $1 trillion was controversial in politics and economics. Low
by treebeard901 2y ago
I am not sure why so many take it as a partisan observation. There was a time when a total debt of $1 trillion was controversial in politics and economics.
Lowering the rate also determines how much it costs to sustain the debt spending. So my comment was related in an economic sense.
I also prefer to have sustainable Government institutions and social programs which increasing debt will eventually threaten.
Maybe the system can sustain $50 trillion with $2 trillion added every month. We will find out eventually with the current path.
It already costs more to service existing debt than even defense spending.
- 486sx33 2y agoThe debt is still a massive problem The fed rate is also the rate that the national debt interest is paid on Will this encourage further and increased debt spending ? When will spending get cut to stop the bleeding? America has a spending problem.