Exactly. Government debt promotes wealth concentration: instead of paying tax, the rich lend their money, earning interest on it. They do not advocate for less government spending to “balance the books”, but to (a) make people more reliant on their employers and thus supress wages (“labour cost”) and (b) weaken the state agencies that check their power. I’m convinced every Republican threat of a government shutdown is a bluff.
The party super concerned about the debt is also the one who wants to defund their only source of income. Brilliant.
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Exactly. Government debt promotes wealth concentration: instead of paying tax, the rich lend their money, earning interest on it. They do not advocate for less government spending to “balance the books”, but to (a) make people more reliant on their employers and thus supress wages (“labour cost”) and (b) weaken the state agencies that check their power. I’m convinced every Republican threat of a government shutdown is a bluff.