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> Well of course we shouldn’t have funded state entitlement programs with trillions in low-interest debt and ensured our governments and, by extension, our soci
by eranimo 7y ago
> Well of course we shouldn’t have funded state entitlement programs with trillions in low-interest debt and ensured our governments and, by extension, our societies were addicted to low interest rate revolving credit facilities writ large.
The author doesn't mention the single largest source of increase in federal debt the last few years: the military and tax cuts for the wealthy.
- deleted 7y ago[deleted]
- cycrutchfield 7y agoNo, silly, tax cuts for the wealthy will stimulate the economy, you’ll see! Clearly, all the blame should be on poor people and their handouts.
- shi314 7y agoYou forgot about Government Bailouts. There was $3 trillion dollar bailout last year.
- kyrra 7y agoAre you talking just discretionary budget only? Mandatory budget of the federal government has been growing as much more than discretionary.