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by bnjms 487 days ago
A loan implies money will be paid back. What should be cut so the debt can be paid back.
1 comments

The debt is being paid off when it’s due, every time, as it always has been. If we want to lower the total debt, cutting spending is not the only option. Money that the government spends increases economic activity and in some cases more than pays for itself in returned revenue. Raising taxes that have been lowered or eliminated since the last time we had a surplus (at the end of Bill Clinton’s presidency) is step one in getting things under control.