The national debt has grown by over $6 trillion since President Obama took office. Are you comfortable with this level of growth in the national debt?

There's nothing wrong with having a high amount of debt for the US. The US has a very high amount of capital and economic value, incredibly powerful industry... The only time debt becomes a problem is if people stop buying your bonds in the future.

The US has been in debt for essentially the entirety of it's existence, similar to many other nations. Other countries have different philosophies because they have different circumstances. But for the US, debt is preferable to printing money because of the relation of the interest rate to the inflation rate.

Let's say you need $100 right now, today. You can either print the money, or sell a bond for $100. Selling a bond is better than printing the money IF you can get a really low interest rate on the bond, which the US can because everyone wants US bonds. If you sell a bond for $100 and have to pay back $105 in 5 years, but in 5 years that $105 is worth less than $100 is today because of inflation, then selling the bond was a great idea. You just have to make sure that you print enough money to keep the inflation rate high enough to make interest manageable, but not so much that you hurt the economy.

The Fed/Treasury has this all figured out and they've been balancing it for a really long time. They sell just enough debt and print just enough money to get the maximum amount of value and the minimal amount of harm out of each option. You'd need a PhD to argue with their decisions.

This doesn't mean that overall spending isn't a problem. All of this is a way of accounting for the spending Congress approves, which is indeed way too high at least in my opinion. But as far as national debt in and of itself, no, it's not a problem.

Would you rather they print all the budget money instead? That would be way worse than selling bonds. How do you propose they meet the budget funding requirements without selling bonds?

/r/PoliticalDiscussion Thread