3 ms·
For the past 25 years, there have been consistent small shifts towards more government deficit [1]. Aren't those the problem that has to be stopped? I don't kno
by foxglacier 2y ago
For the past 25 years, there have been consistent small shifts towards more government deficit [1]. Aren't those the problem that has to be stopped? I don't know enough about economics but can this really continue forever or is it just exacerbating some painful problem in the future if it's not reversed now? Maybe non-essential for-the-future work like Darpa isn't the best thing to spend money on when you're trying to reduce spending as fast as you can? It can always be re-instated in more prosperous times.
[1] https://www.reuters.com/markets/us/us-budget-deficit-tops-18-trillion-fiscal-2024-third-largest-record-2024-10-18/ https://www.reuters.com/markets/us/us-budget-deficit-tops-18...