Debt > Economy

[Jolly]

The Congressional Budget Office says the deficit will hit $3.3 trillion this year. The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.

https://reason.com/2020/09/02/americas-national-debt-will-be-larger-than-the-economy-next-year/

[Copper]

stop spending

[LuFins Dad]

At this point, it’s so broken you may as well “spend it like you stole it“...

[Mik]

Unless we cut spending the only way out is inflation.

[89th]

@Mik said in Debt > Economy:

Unless we cut spending the only way out is inflation.

Hope I can get a low mortgage next Spring before inflation hits.

[Axtremus]

@Jolly said in Debt > Economy:

... The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.

Let’s bring back the post-WW2 fiscal and monetary policies then.

[Jolly]

MMT.