Congress’ spending binge is national suicide

[David Horn]

(03-05-2021, 05:39 AM)girlmonday Wrote: Wow.

Maybe the debt will be paid off by illegal
immigrants, technology, a zero percent tax rate, or magic
fairy dust, but the reality is that the
US debt is increasing constantly, no one cares,
and spending more money to reduce the debt will only lead to disaster.

Debt didn’t work out too well for Rome, Germany, Japan, Greece, or Zimbabwe.

Those who fail to learn from history are doomed to repeat it.

Actually, a thoughtful post!  Yes, there is certainly risk inletting the debt rise above some as-yet undetermined maximum.  There is also risk in doing too little and triggering yet another Great Recession -- also leading to massive debt.  That's why we need the pros in charge. They don't do a perfect job, but they avoid the worst mistakes.  That'll have to do for now.