Federal spendthrifts drive up US debt without a care

August 13, 2019

“… It’s not farfetched to compare this lack of fiscal discipline to an addicted gambler maxing out the family credit cards. … Having the power —literally — to print money is one thing that distinguishes the federal government from state and municipal authorities, who must balance their spending against available revenue. … The private and foreign investors who hold the U.S. debt by buying Treasury bills and government notes are not all going to suddenly demand payment …”  

Read the full article on: The Columbus Dispatch (Ohio)

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