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The only relevant concern is inflation. If inflation is in check, then spending doesn’t matter. For example, the US government doesn’t raise taxes to build a new multi-billion dollar naval ship. They just enter some keystrokes and make it happen. Makes one wonder why they don’t do the same for educational, infrastructure, and societal programs....
What???? If that was the case we'd have parked all the 4th generations fighters in trade for a couple thousand 5th generation , 500 seawolf subs, 100 Columbia SSBNs, 20 Ford Class CVNs...that's not how things work.Originally Posted by Gspeed
Spending doesn’t necessarily matter. The government creates its own currency unlike a person, a household, a company, a municipality or a state. You don’t need to balance anything when you can simply create more. Greece and others got screwed because they gave up their ability to create their own currency.The only relevant concern is inflation. If inflation is in check, then spending doesn’t matter. For example, the US government doesn’t raise taxes to build a new multi-billion dollar naval ship. They just enter some keystrokes and make it happen. Makes one wonder why they don’t do the same for educational, infrastructure, and societal programs....