Trump used his Truth Social posts to list the ‘tremendous damage’ he claimed Biden had brought on the U.S., describing himself as ruling over ‘hottest nation anywhere in the world’
For example, Infrastructure projects typically pay back several times in value, so it’s often sensible to fund these using debt. China has built shitloads of infrastructure over the past couple of decades
Government debt is bad if it’s not funding infrastructure and is instead being used to pay for things like tax breaks on the wealthy and vanity projects
That’s the reason the US is in a downfall, anytime we have a infrastructure project (i.e California’s train) the government shuts it down due to cost, they think about now and not long term.
Government debt isn’t inherently bad.
For example, Infrastructure projects typically pay back several times in value, so it’s often sensible to fund these using debt. China has built shitloads of infrastructure over the past couple of decades
Government debt is bad if it’s not funding infrastructure and is instead being used to pay for things like tax breaks on the wealthy and vanity projects
That’s the reason the US is in a downfall, anytime we have a infrastructure project (i.e California’s train) the government shuts it down due to cost, they think about now and not long term.