Manchin on WV radio seems to accept the idea that government spending should be managed like households:
"Right now we're not in a financial position to do it just like you are in your own family - when you make decisions, what you can & can't do"
It's not the best comparison
"Right now we're not in a financial position to do it just like you are in your own family - when you make decisions, what you can & can't do"
It's not the best comparison
Governments operate under different constraints with another set of responsibilities
When it comes to debt, some economists argue the gov't doesn't need to worry about 'maxing out' its credit card' if the debt is serviced
@Claudia_Sahm addressed this: stayathomemacro.substack.com/p/all-the-rumo…
When it comes to debt, some economists argue the gov't doesn't need to worry about 'maxing out' its credit card' if the debt is serviced
@Claudia_Sahm addressed this: stayathomemacro.substack.com/p/all-the-rumo…
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