You can call it stuck if you want, I guess I am - how can this not be a bad thing? It feels like its not a bad thing until suddenly it is. Countries can & do go broke. You can sell your house and break even, thr govt cant sell the NIH
Consider the idea that without decades of money printing, your house might only cost 1 year of salary in the first place
Or maybe let me ask it a other way - if the govt really doesnt need to balance the budget, why dont we have 50 aircraft carriers and free healthcare for all? Such huge sums of money go beyond merely number balancing, at some piint theyre forcefully managing the real resources of the nation
Debt can’t increase to infinity, true - but that does not mean it can’t be a finite number indefinitely.
And the current finite number is nowhere close to causing a crisis for the US (Japan had two and a half times GDP in debt and did not collapse into hyperinflation or some other catastrophic fate, for example).
Consider the idea that without decades of money printing, your house might only cost 1 year of salary in the first place
Or maybe let me ask it a other way - if the govt really doesnt need to balance the budget, why dont we have 50 aircraft carriers and free healthcare for all? Such huge sums of money go beyond merely number balancing, at some piint theyre forcefully managing the real resources of the nation