Yes, the National Debt Matters
Posted by CircuitGuy 1 year ago to Economics
"Even if you assume that interest rate increases and debt crises are so far off in our future that it doesn't make much sense to fret about them today, it still doesn't mean that deficits don't have a cost to us today. Those costs are real and significant. Prudent leaders should take steps now to make sure their actions don't cause a debt crisis in the future."
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- 2Posted by $ Abaco 12 months agoThis probably won't end well.Mark as read | Best of... | Permalink|
- 0Posted by CircuitGuy 11 months, 2 weeks agoI know. It will be "hoocudanode", as it was with risky debt instruments in 2007.Mark as read | Parent | Best of... | Permalink|
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- 2Posted by mccannon01 12 months agoI'm with you on this one, CG. The continuous spend-debt spiral is not a good way to run an economy even if it's in slow motion.Mark as read | Best of... | Permalink|