8 Facts That Prove Our Govt. Is Not Going Broke
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What about in 30 years when our darlings are at the helm? The answer depends on the economy, not on debt. If we borrow cheaply now to put our people back to work, if we invest fully in funding higher education, and if we build up our crumbling infrastructure and tend to the environment, then we’ll leave behind a prosperous economy. Debt will shrink over time as the economy grows. And more revenues will come in as our people go back to work.
However, if we become obsessed with debt and deficits, and slash to the bone the programs that develop future prosperity, we’ll leave behind a faltering economy and an even bigger environmental mess.
Debt hysteria is like a pandemic that quickly cripples logical thinking. Once infected, Very Important People with Very Impressive Degrees sound like fools.
Let’s hope there’s a cure…and soon.