What will US do with the increasing debt?
Just curious. Maybe raising tax on rich? Or printing more money? Will we see negative interest rate soon? Will we leave more debt to next generation? What is the future of these debt?
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Homie we can do whatever tf we want as long as the dollar is the world's reserve currency and there is still foreign demand for it.
National debt is less of an issue than what former deficit hawks (aka curremt Trump kiss-asses) made it out to be. (Btw, Trump is blowing up the deficit too)
But it is a serious issue and most economists, both neo-Kenynsians and neo-classcists + other non-major schools, will tell you it's the habit of continuous "budget deficit" that's the serious issue.
This is what Clinton focused on during his presidency but Bush said "fuck that, I'm cutting taxes". And then everyone stopped caring all together.
Instead of cutting education and healthcare budgets like the current GOP wants to, we should be doing some serious restructuring of the executive branch. Too many agencies, too much bureaucracy, and too much pointless publoc sector jobs wasting our tax money. Just typical cost structure optimization practices that businesses are so good at.
Once you do that, you can probably turn that deficit into a huuge surplus. We'd have more money to spend on healthcare, education, and better social safety nets. Even then, I'm guessing we'd have a surplus without raising taxes.
Um...just don’t worry about it lol.
Go MMT and AOC. Woohoo.
Debt for equity swap
"don't worry about it bro we'll refi"
Print more money , simple.
Raising the social security age to 70, where it should be relative to current mortality rates, fixes half of the problem. Dismantling government bureaucracy and miscellaneous, wasteful spending programs fixes the rest. You’d even be able to increase education funding while you’re at it.
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