Why does neither party care about the deficit? (user search)
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  Why does neither party care about the deficit? (search mode)
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Author Topic: Why does neither party care about the deficit?  (Read 484 times)
Ferguson97
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« on: April 24, 2024, 07:01:04 PM »
Because it doesn't matter.
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Ferguson97
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« Reply #1 on: April 24, 2024, 08:59:47 PM »
Quote from: Benjamin Frank 2.0 on April 24, 2024, 07:07:31 PM

The $1 trillion in interest payments the U.S government is currently paying on its debt doesn't matter to you?

No, it doesn't.

We shouldn't endlessly spend money because it can cause inflation, but the deficit itself is not a problem. Nobody is coming to collect the bill. It's not like a credit card.
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Ferguson97
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« Reply #2 on: April 24, 2024, 10:23:18 PM »
Quote from: Benjamin Frank 2.0 on April 24, 2024, 09:21:17 PM
As I said above, that's only true as long as the U.S $ remains the world reserve currency/petrodollar.

If we're ever in a situation where America stops being the world reserve currency, we're going to be killing each other over cans of beans, so it won't really matter anyway.
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