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[–] mudcatca [S] 3 points -2 points (+1|-3) ago  (edited ago)

What debt steamroller? Please explain. I'm a finance guy by trade, and always find layman explanations entertaining...

Hint: debt can be an economic multiplier, if you don't overleverage your assets and invest the leveraged funds wisely

How about you check this out & then get back to me? We are about where we should be right now, albeit need to curtail in order to stop the most recent trendline: https://en.m.wikipedia.org/wiki/Financial_position_of_the_United_States

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[–] o0shad0o 0 points 3 points (+3|-0) ago 

Oh, also... This isn't me going into debt for strategic purposes, this is the government going into debt on my behalf and without my consent. Screw your collective "economic multiplier".

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[–] mudcatca [S] 2 points -1 points (+1|-2) ago 

So... no actual response, just general bitchiness about a subject you don't know much about?

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[–] DukeofAnarchy 0 points 2 points (+2|-0) ago 

Government debt is not comparable to business debt. It finances consumption, not investment. And the government's credit is dependent on its coercive power to tax (i.e., to rob people), not on profit. The national debt should be zero in normal times.

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[–] mudcatca [S] ago  (edited ago)

That's total debt, public private corporate. And saying debt should be zero in normal times - say you want to buy a house. Or a factory. Or a military base. Or a highway. Do those count as normal times in your world view?

Also, our public debt has been holding steady since Trump was elected: https://www.statista.com/statistics/273294/public-debt-of-the-united-states-by-month/

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[–] o0shad0o 0 points 1 point (+1|-0) ago  (edited ago)