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How can us government can afford such largess, they should include disadvantaged communities somewhere
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this post was submitted on 25 Jul 2024
101 points (99.0% liked)
the_dunk_tank
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It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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Here's the thing: it's working as intended. I think the intended path is to be so entrenched in debt as to be someone else's problem that either 1) you have to go in on a whacky money making venture together or 2) die and leave all the assets to your children so they can then repeat the cycle on a grander scale. I don't think being debt free is part of the wealthy equation.
Oh definitely. Interest on debt counts as GDP by the US metrics. More debt = more interest = higher GDP. It's why one of the biggest contributors to GDP is the financial sector. The government has a vested interest in keeping as many people under as much debt as possible because it helps their donors make more money and helps "the economy" line go up . This is definitely just more of the same.