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

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Offline JMT

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Re: Government Day-to-Day
« Reply #420 on: May 16, 2020, 10:15:16 am »
Gee John, if we could borrow hundreds of billions and run our debt to GDP up over 200%
like Japan with little or no consequences, why weren’t we doing it before? We could have had a brand new military, lots of new infrastructure, social programs and be giving people money to do nothing at little or no cost. Why were we so dumb not to see that?

You keep creating straw men. It isn't prudent to constantly increase debt to GDP. The point is that the sky is far far far far far far far from falling. After this is over, we simply need to return to a slowly falling debt to GDP ratio and we'll be fine.