Steven Landsberg often writes about this very topic
Summary: Either the debt is paid for by taxes in the future or now; because we can save money, it doesn’t make any difference. The problem is the level of spending (which affects how much must be paid) not the debt (which merely affects when it must be paid).
Steven Landsberg often writes about this very topic
Summary: Either the debt is paid for by taxes in the future or now; because we can save money, it doesn’t make any difference. The problem is the level of spending (which affects how much must be paid) not the debt (which merely affects when it must be paid).