Comment on Where does the revenue gathered from taxes go and what is national debt?
FuglyDuck@lemmy.world 14 hours agoNot sure who downvoted you, lol. You’re quite correct (I just didn’t want to get into the weeds, heh.)
and yes. it’s good to remember that not all debt is “bad” debt. Especially on a national level. I still think it’d be nice if they passed a balanced budget, though. (and one that covered everything that was important. like healthcare and housing and infrastructure and climate resiliency and stuff, and not bombs for genocidal maniacs)
BlameThePeacock@lemmy.ca 7 hours ago
Agreed, mostly.
I don’t really care about a balanced budget. I’m fine with running deficits forever, as long as they keep the debt to gdp ratio at a reasonable value.
As you mentioned though, I care a LOT about what they spend it on. If they’re dumping it into systems that don’t provide stimulus to the economy that is sustainable long term, that’s bad.
Even bombs can be important by stimulating local wages, resource production, manufacturing, etc. however I’d like to see more investment in productivity improvements in my country (Canada) because we’re falling behind. I’d like to see more government investment in education, transportation, renewables, and supporting tech. Less investment in oil and gas.