[fuoqi]

It means that the US government pulls more and more of productive output of the economy and puts it into use under its direction. And governments are notoriously bad with effective allocation of resources.

The government (in a non-command economy) can increase its control over productive capability of the economy in 3 ways:

- Raise taxes (including profits from government-run enterprises). Explicit and honest solution. Understandably, disliked by many and hard to pass politically.

- Promise to give more some time in the future. It's fine when tax receipts grow with the same rate or higher as the debt, but usually the government spends irresponsibly, meaning that more and more of its budget goes into servicing its debt. In the end, you get into a debt spiral.

- Make money printer go brrr. It can take different forms, QE and yield curve control are examples of it. Eventually (there are ways to delay it, and they can work for decades), it causes runaway inflation, which seriously corrodes economic fabric.