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Old 04-10-2012, 03:24 PM   #3
Ibby
erika
 
Join Date: Apr 2006
Location: "the high up north"
Posts: 6,127
I think that high taxes is a much more responsible fiscal policy than indefinite debt and thus indefinite interest, but I think that debt is not an insurmountable problem for a government making essential investments in the long term economic stability of the country. Only when a country like Greece can't value their own currency AND can't ensure the long-term stability of their ability to continue paying their debts is there an issue - the U.S. faces neither of those issues.
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