4 ms·
we still have to cut the deficit or increasing revenue is still just kicking the ever-growing interest payments down the road. If we don't do both, it's like in
by dingnuts 2y ago
we still have to cut the deficit or increasing revenue is still just kicking the ever-growing interest payments down the road. If we don't do both, it's like increasing our salary and using it to justify getting another credit card when we have already maxed out the ones we have.
We can -- and often do -- monetize the debt, but printing money to pay the debt is a regressive tax that affects those with the least disproportionately, so I would imagine you aren't trying to push for that.