Saiwania wrote:$10 billion is pocket change at the federal budget level, but the notion that the US federal government should spend as much as it wants to whenever it wants, is also bullshit. The tax revenue the US gets can't forever fund a fiscally irresponsible government.
TIL increasing the deficit by ~.25% is fiscally irresponsible.
Debt to GDP shouldn't be allowed to grow out of control. Do you think people will keep being willing to buy US debt if it only ever keeps growing as opposed to shrinking from budget surpluses or flatlining from the country finally spending less than making new expenses?
Yes. Have you forgotten that the debt has done nothing but grow since WW2? Do you need a course in basic finance as to how debt works even for individuals?