We’re heading in the wrong direction with spending cuts
Right now, the market for US government bonds is so good that it would be cheaper for us to borrow a ton and spend it on capital improvements, research, and infrastructure then it would be to fund those things with tax revenue over time.
It’s disappointing to me that, yet again, the Democrats have failed to make their message meaningfully heard. This is a recession. The government should be spending money and keeping the velocity of money high because the definition of a recession is that private industry is not doing that.
Even most of the payment on the debt is money that goes back into the economy. Only a percentage of it flows outside the country.
The lack of financial education on the part of the American public is depressing.