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Comment: Actually, no, because the
Actually, no, because the
Actually, no, because the money is being borrowed, so we will simply borrow less and the $1.6T will come directly out of the economy in lost contracts and lost jobs.
Now, some may be recouped, a tiny portion of which could be recouped by reduced regulation or enforcement, but I wouldn't count on it.
Yes, it would spare the cost of repaying it later, but in the meantime, there would be a massive hole blown out of the side of the economy, which certainly would be bad right about now. Borrowing is the only thing keeping the economy going, which is just sad.
We could sell off a lot of government property to help make up the differences, however. A massive bake sale so that we could ease the transition and pay the bills.
"Timid men prefer the calm of despotism to the tempestuous sea of liberty." - Thomas Jefferson
"Annoyance is step one of thinking"
"We're all in the same boat, it doesn't matter if you like me"