When the US gov passes spending bills like $2Bil for A and $5Bil for B does it mean other things aren’t funded or money is taken away from other projects?
In my day to day experience nothing change whether a spending bill is passed or not, is there somewhere I can see it? Ive heard US national debt works different than personal debt, is that the case and is it related?
In: Economics
The main difference between government spending and personal finance, is that the government doesn’t need to plan for retirement and will never stop earning money (as long as it exists). It also gets way better rates on borrowing money. Because of this it doesn’t really matter how much debt it takes on, as long as it does try to buy so much of something that it would become scared and increase in price. If it did that, it would cause inflation.
Latest Answers