Author Topic: Government Day-to-Day  (Read 14006 times)

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Offline ?Impact

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Re: Government Day-to-Day
« Reply #240 on: March 11, 2020, 01:16:20 pm »
My problem is borrowing with no intention of ever paying it back and depending on growth and inflation to make it sustainable.

As long as the debt:GDP ratio is decreasing, it is being paid back. Not as fast as you may like, but dramatic changes tend to result in either higher taxes or cutting back on essential services. The "no intention of ever paying it back" is pure rhetoric.