how would you offset the debt

whats wrong with the debt? what's wrong with the deficit for that matter

the interest rate the Fed puts on the debt increases as the deficit/debt gets larger

in a couple decades, interest on the debt is going to be one of the largest items of expenditure

this causes a pretty large budget crisis the further out we get, financial crises and the such

lmao didn't intend for this to turn into a debate

When interest rates go up, the government pays more into the debt by increasing the deficit. And because the federal deficit is private sector savings, it will stimulate the economy depending on who is holding the bonds

I don't think that's very sustainable though

seems a bit of a Keynes thing

Also with regard to the interest rates, we don't really know whether or not it will speed up or slow down the economy

I guess I would fall more towards Keynes, but I guess I would be a post-Keynesian, more specifically someone who follows MMT

I'm more of a per capita economic kind of guy

When I think about a program or something, I think: would this better the life of the average American or would they be better keeping their own money

Also with regard to whether or not a debt level is sustainable or not, just know that we can never go bankrupt with our own money, since we the US gov is the currency issuer, not the user.

of course, but devaluing and the such could become a problem

That's why we have taxes

One main function of taxes is to regulate our spending power

But regardless, if you mean "devaluing" as in inflation, then I think its a bit exaggerated

by what means

It's poorly understood is what I meant to say. Inflation isn't always caused by government spending

I would say unemployment is a way bigger problem tbh

well yeah, obviously the government isn't printing 3 trillion notes per year

it's velocity of spending

Right

I would agree with that; It would certainly cause an inflationary crises if we all just went and funded free college, medicaid, etc. in one night

The issue is that the US dollar is like a sort of lingua franca of currency for foreign investors, I don't think a lot of them would continue to use it if it were to be tampered with too much

Also, the issue of what people do with their savings

In general the government should be held responsible to avoid any price inflation when competing for scarce resources, but at the same time make sure we have decent living standards and full employment

100%

I think we ought to economically make it manageable for a family to have enough money to meet the standard of living of 4 people from one source of income

I think one parent should be responsible for child-rearing, the other at work

The issue of families raising their kids with entertainment is partially what's causing all this social degredation (at least from my view and most of the right)

There are constraints that we should be worried about; inflation and resources are two of them. But whether or not we can pay for it is not one of them

What you guys talking about

economics

Sounds neat

When are we starting another Red Wave Thread On pol

IE the problem with social security isn't whether or not we will run out of money, but it is if there are enough labor output and resources for everyone on social security to buy what they want without any scarcity. This is why full employment is essential

not just that, but families who can sustain themselves need to start having children

I can never buy the idea that immigrants will pay for social programs, it's the most ridiculous and stupid idea I've ever heard

I think they tried that in Sweden and then they had to INCREASE the retirement age