Donald Trump is right that our debt problems could sink us. He’s wrong to then advocate more government spending.
Blame slow economic growth, abysmal wage growth, low inflation, inequality, and the next economic crisis on the Federal Reserve.
Some of the inevitable bills for lawmakers’ refusal to pay for their spending will show up much sooner than expected.
Either the Federal Reserve keeps printing money to inflate away the U.S. government’s debt, or the Fed raises rates and the U.S. budget deficit skyrockets.
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