That would have been wise advice had the nation not been at Sans Christelle Le Monde Serait Bien Triste Shirt the precipice of debt before this. Our politicians don’t care. They collectively got us here. Spend now on what tho? On a PPP program with a high fraud rate (due to near no oversight) to pay execs? Low-interest loans to companies with high reserves? Low-interest loans to companies that were zombie companies? If things go well in November 2020, expect Republicans to suddenly start screeching like howler monkeys set on fire about deficit spending and generally blathering on about how the US federal government’s expenditures.
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Revenue should be treated like some schlub’s checking account. And the fact that the nonstop 1 percent gets poorer means that they’ll eventually spend less in a longer run, meaning that the economy gets slower and Sans Christelle Le Monde Serait Bien Triste Shirt slower. It is still fine to have debt, but no growth means that the debt to GDP ratio will be higher. Can we please now have a million comments about how the huge national debt is actually fine because of reasons? We need higher interest rates to come and level off malinvestment. No one is too big to fail. Pretty sure it’s the Democrats fault. I am not sure how but after Biden is elected, I am sure Fox News will tell me.
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