Define "burden"
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The cost of servicing it
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The debt is way higher, but since the economy has tanked interest rates are lower, woohoo!
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So much goodness.
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Lol that's some next-level spin right there.
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No, it’s actually the stat that matters. Looking at debt absent the interest rate makes zero sense
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Especially when the
@federalreserve is monetizing much of the interest expense. The actual cost does not matter when Uncle Jay is buying drinks for the house.....Thanks. Twitter will use this to make your timeline better. UndoUndo
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So why is it wrong now to associate the family budget and debt servicing with the US national debt?
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Because while you can issue "johnny bucks" probably no one will accept them. The gov on the otherhand...
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This is like a credit card company lowering your interest rate and minimum payment, while you are continuing to rack up a huge balance, and then arguing that the burden of debt has never been lower. Technically true but an awful way to run policy, since rates will eventually rise
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Nothing like that. Common error though.
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