Exactly. Any discussion about US debt as a barrier to economic process when there are so many other avenues for the state to make revenue is either ignorant at best or disingenuous at worst.
What is disingenious about it? It is a recent phenomena that states have this amount of debt. The debt of the US specifically is backed by its military and economic output. If one collapses, there will be a severe hyperinflation.
Tax payers are slowly and increasenly burdened by said debt.
I think the problem is that people that are constantly ranting about the debt (for instance Republicans), pass measures like the one they’re about to that raise the deficit even further while cutting taxes. If they were really concerned about the debt, they’d cut spending on defense (lol) and raise taxes to say the Clinton era.
raxxorraxor|8 months ago
Tax payers are slowly and increasenly burdened by said debt.
linotype|8 months ago