Is there a reason the federal government wouldn’t want to start paying down the deficit? What are the negatives to having more money coming in than going out?
In: 5
Money spent on the national debt only serves the loose purpose of faith that it will get paid.
The USA is so wealthy that there is no lack of faith that it will pay back the loan, and so powerful that you don’t care about money if they were to fail.
It is similar to how it’s advised to not have a lot of cash or inventory. You want just enough to do your business, the rest is costing you to have a place to store it.
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