Imagine financing Ukraine with Venezuelan boilvars or this:
Posted on 07/06/2023 7:01:57 AM PDT by JV3MRC
The New York Times editorial board seems to have rediscovered basic economics: excessive federal government borrowing is “unsustainable.” Thanks, Captain Obvious!
The Times released a July 5 editorial headlined, “America Is Living on Borrowed Money,” admitting that the U.S. “now borrows heavily during periods of economic growth to meet basic and ongoing obligations. It’s increasingly unsustainable.” In fact, per The Times, “By 2029, the government is on pace to spend more each year on interest than on national defense.” The Times cited research from the Congressional Budget Office (CBO), which estimated that the annual federal budget deficit over the next decade will reach a whopping $2.7 trillion. Also, the federal debt held by the public is projected to hit a ridiculous 119 percent of GDP. However, despite admitting the glaring dangers of the government repeatedly maxing out its credit card and borrowing more, The Times still had the audacity to spin adding to the debt as a good thing in its first sentence: “The federal debt is as old as the nation, and adding to it is sometimes prudent.”
(Excerpt) Read more at newsbusters.org ...
Prudent but unsustainable. Sure.
Imagine financing Ukraine with Venezuelan boilvars or this:
the US is already bankrupt..
Like Grandpa used to say, “Money doesn’t grow on trees.” And it’s a good thing too. The dumbass envirowackos burned ‘em all down.
Did they run that headline by Paul Krugman?
Soetero said the same thing but who cares?
Who knew that basic math was so difficult.....
Just print more money. What’s the problem?
The era of big government is over.
End welfare as ewe know it.
100%
Meanwhile, the times lobbies for every single spending program proposed by the Dems in their narrative paper
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