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Debt service that allows it to borrow more then spend more in the immediate. Wars that require massive amounts of spending on things that include manufactured
by cantankerous 14y ago
Debt service that allows it to borrow more then spend more in the immediate. Wars that require massive amounts of spending on things that include manufactured goods. Something wasteful....which is open to significant interpretation in a lot of cases. Waste is part of any large organization. Government isn't alone there.
It's just not this simple. It never is. That's why these arguments about debt and economy keep breaking down.
- NoPiece 14y agoI agree, except when the amount of debt gets so large, and goes way beyond the immediate. Then it becomes much more clear that it is a problem. There is a case to be made that in 2008-2009, a big, debt financed, short term stimulus could have been helpful. But when that metastasizes into long term spending that doesn't look like it is going anywhere soon, and doesn't seem to be accomplishing anything, then it is worthwhile to sound the alarm.