(01-30-2019, 05:46 PM)mikesez Wrote:

(01-30-2019, 05:28 PM)B2hibry Wrote: Our whole monetary system is based on spending money we don’t have! Stop believing everything you hear by the chicken littles. China holds a very small portion of our overall debt. Heck, Japan holds more of our debt than China. Most debt is some form of securities, not foreign. Ultimately, I do agree the spending needs to slow but that is not how a Dem controlled House works or our goverment in general unfortunately.

You're correct.
Debt is a monetary tool.
But there is still such a thing as too much, and having too much can cause inflation.
This level of deficit creation during low unemployment is going to create inflation.  It has already raised interest rates.  
The political donor class mostly loves high interest rates; more of them live off the fat of the land.  The ones who over leverage themselves like Trump did are more rare.  Trump wants low interest rates.  The people above him want high.

It may in fact cause inflation but remains to be seen. I think we are still pretty early into the newer policies. The Feds just announced interest rates will remain and they plan on staying patient. Whatever that means in their world. I think we’ll be fine for a bit after this last correction as long as nothing stupid occurs geopolitically.

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