03-06-2021, 11:18 AM
(03-05-2021, 04:16 PM)pbrower2a Wrote: As a pattern, public debt tends to be paid off in a 1T. The government has wartime assets to sell, living standards improve enough so that people end up in higher tax brackets, and such new spending as there is tends to have revenue attached in the form of taxes.
Public debt is not increased in a 1T, but no debt actually gets paid. Instead, growth and inflation reduce the impact of the existing debt.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.