We’ve got the world’s reserve currency, a central bank that pushes interest rates to near zero, buys up government debt, and a massive market for the massive debt generated by all this. And plus, all the other major countries and central banks of the world do the exact same thing
Given a massive credit-card they control, the only surprise is that progressive Uniparty politicians haven’t spent even MORE than they have.
They won’t stop this spending if they remain in the majority and no wall will be built.
I am with you. Everyone on the planet will support print-and-spend for as far into the future as any of us can see.
Because they really have no good alternative.
In America machines, computers, robots, and foreign born bio-robots now do most of the work and create most of the wealth. This is even more so for country conservatives than city slicker socialists. We don’t really pay most of the taxes anymore, the machines do. Maybe fiscal conservatism is declining in importance.