KungKras on 13 November 2019
| CuCabeludo said: US debt will keep growing and growing regardless of who is in charge. Decreasing debt means cutting government spending, and no politician wants to do it because it means losing popularity/voters. US is destined to have its debt doubled every 8-10 years until it eventually kills the country within. |
Growing debt is not a problem as long as the economy grows faster than the debt.
Like, if the debt is growing, but as a percentage of the overall economy is shrinking, then it's fine.
I don't know if this is the case with the US though....
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