Interesting numbers below, right? Except during World War II things were relatively stable. Even when debt began to rise, the debt to GDP ratio was
Tag: federal debt
To pay for or not to pay for, that is the question.
Mr. (Jason) Furman said spending that is temporary or bolsters the economy’s long-term growth potential probably doesn’t need to be paid for. That could include
Wasted money?
This year, the federal government will spend $300 billion on interest payments on the national debt. This is the equivalent of nearly 9 percent of
It matters or it doesn’t
Modern Monetary Theory (MMT) holds that government spending and accumulated debt doesn’t matter because the Country can create money endlessly. Economists generally agree that in
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