Author Topic: Government Day-to-Day  (Read 13996 times)

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Offline MH

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Re: Government Day-to-Day
« Reply #180 on: February 10, 2020, 01:01:44 pm »
We aren't paying for infrastructure, we borrow to build it all we do is carry the interest, we aren't actually "paying" for anything.

It's the same as me buying a car on a personal line of credit and never doing more than paying interest on the balance. One day the car is worth nothing but I still owe the same amount of money for it.

Are you sure ?  Last time I checked it was a pretty close match between investment and the deficit.

Maybe Waldo can help us.