It is time the "priorities" include - ALL OF US Posted: Jan 17th, 2019 - 4:23 am
There is nothing inherently socialist about government debt. A government can issue debt to pay for whatever it likes. It can pay to fight a war, to lower taxes for a preferred group, to soften the sharp edges of a recession. The United States has, in fact, issued debt to pay for all of these things. American politicians say that public debt crowds out private investment, that it's unsustainable and will turn the country into Argentina. Or Greece. Or now Venezuela. But regardless of what they say, what American politicians do is vote for more debt.
Americans are just fine with debt. When they fight about it, they're actually negotiating in code over something else: what programs are so important that it doesn't matter how you pay for them?
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