The theme seems to be “reduce operating spending, increase capital spending”. We’ll see how that will blow over with the opposition.
The theme seems to be “reduce operating spending, increase capital spending”. We’ll see how that will blow over with the opposition.
Covid, and emergencies like it, are entirely the point of fiscal responsibility!
In an emergency, you can max out your credit. If you do that on the regular, for non emergencies, not only will you end up paying an absurd amount of interest, but you won’t be able to borrow more when the next emergency happens!
Great ok so we at least agree that issuing currency is not the fiscal equivalent of drinking bleach, and that there are good and bad reasons to do it.
Edit: You CAN drink a small amount of bleach. Just like you CAN print money during a generational event.
A small amount of bleach will burn a bit. A small amount of printing money caused inflation that we also haven’t seen in decades. It hurts families now but that’s the price we paid to help during covid.
Taxes, then, are disinflationary, right? Which is why we need to tax the rich especially