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Comment by derektank

My point is that our debt only grows unsustainably in response to severe crises (the great financial crisis, COVID). Our deficit is otherwise sustainable during "normal" times as our economy grows alongside it. We of course should want our debt to GDP ratio to be declining during periods of peace and prosperity (and it is evidence of political malfeasance that we haven't seen that happen since the late 90s). But our current spending is not a crisis in it's own right.
parent derektank 1 year ago

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