Originally posted by Starlight
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I call complete BS.
These programs aren't debt-financed. Nobody's mortgaging the future of their grandchildren's grandchildren, or anything remotely of the sort. No part of the statement "We aren't paying down these obligations inherited from the old New Deal" makes any sense, it's pure garbage.
Governments throughout the Western world have been running social safety net programs at various levels for 75+ years now. The exact finances vary by nation, but what certainly hasn't happened is any sort of across the board gradual racking up of ruinous levels of debt or anything of the sort. These programs are affordable. Many Western countries with strong social safety nets, such as my own, regularly generate budget surpluses.
These programs aren't debt-financed. Nobody's mortgaging the future of their grandchildren's grandchildren, or anything remotely of the sort. No part of the statement "We aren't paying down these obligations inherited from the old New Deal" makes any sense, it's pure garbage.
Governments throughout the Western world have been running social safety net programs at various levels for 75+ years now. The exact finances vary by nation, but what certainly hasn't happened is any sort of across the board gradual racking up of ruinous levels of debt or anything of the sort. These programs are affordable. Many Western countries with strong social safety nets, such as my own, regularly generate budget surpluses.
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