Political and Economic Theory Thread

[TheMonkey]

Fiscal responsibility is about sustainability over time, not necessarily austerity. Fiscal responsibility means spending discipline (something our nation lacks) and efficiency rather than austerity. In addition to spending wisely, it’s about supporting economic conditions that strengthen the overall fiscal picture.

Although significantly reducing the $39T debt is laudable, the goal should be strongly curtailing or eliminating future deficits. We cannot continue the current growth of interest. Respectfully, printing away debt is not an answer.

Exactly. We should reduce the budget deficit by bringing government revenues closer to expenditures. By reducing the amount of borrowing required, we can demonstrate fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result.

 

[Stillwater Townie]

Exactly. We should reduce the budget deficit by bringing government revenues closer to expenditures. By reducing the amount of borrowing required, we can demonstrate fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result.

Dream on. We're at the point now where the U. S. Treasury has to borrow money to pay interest on the debt, a bad sign of things to come. As U. S. Treasury bonds become more unappealing to buy to foreign countries; the interest rate will have to keep rising until we're plunged into a depression with inflation. Interest rate and unemployment rate could both be at around 20%.

Dream on also with auditing the Dept. of Defense or War to uncover million$ of waste. I don't think Musk was allowed in the Pentagon.