3 ms·
Growth. Same reason we never need the national debt to be smaller than it is.
by bandrami 2y ago
Growth. Same reason we never need the national debt to be smaller than it is.
- nkozyra 2y agoI think people look at "national debt" as though we're buying trillions of dollars of stuff and not, fundamentally, two things: 1) mandatory saving for future, like a Social Security for the country (which is ironically also comprised of Social Security) 2) investments made into the future of the country. People buy T-bonds because they're reliable returns. Low risk, relatively low reward. If suddenly our future looks less bright, our debt will slow, but it will be a pretty telling canary in the coal mine. It's baffling to me that people generally don't grasp this. They treat it as though we're just ... buying stuff on a credit card.