The simplistic, if understandable, answer to that question for many conservatives is right now. The national debt has surpassed our GDP, we're borrowing 40 cents of every dollar we spend, and our unpaid-for federal obligations already exceed $80 trillion. We're in dire straits; there's no escaping that. But there's also no escaping certain political realities: The public isn't feeling especially charitable toward Congressional Republicans these days, Democrats control 55 Senate seats, and this president will occupy the Oval Office for the next four years. If the GOP is seeking to apply pressure on the Left to improve our...
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Sorry, Harry, you are wrong on this one. No entity in the history of the world has borrowed as much money OR printed as much money, even proportionately, as the US over the last four years. There is not enough savings in the world to lend a net $1.2 trillion per year to one country for long. When interest rates rates rise, the increased int costs will swallow up everything and options will be limited. As for growth, well there has never been high growth anywhere with this type of govt expansion, and new regs are stifling growth. Remember, virtually every great collapse has at its core too much debt.
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