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Reply to "I want to understand the deficit issue better"
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[quote=Anonymous][quote=Anonymous]I can’t see how the USA can run a trillion dollar deficit forever. How does this get addressed? I don’t like that DOGE targeted certain agencies but how can we continue spending more than we have by $1.7 trillion dollars a year? Is that sustainable? What resources can I use to educate myself on this? Cutting spending is never popular and obviously Trump will offset any savings with tax cuts but I’m not understanding why the deficit isn’t a big deal to us Americans. [/quote] The government creates the money. Debt is paid via a mix of taxes and inflation (implicit tax on purchases). Rarely it is cancelled via default, effectively a tax on bondholders. Everything is fine until one day it isn't and the merry go round stops. Look to 1929 and 2008 for examples. [/quote]
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