Close to 22 Trillion in debt - What could have been?

[packman]

I'm wondering today (rarely do I go into the economic wasteland) what we could have done with that 22 trillion if we were a socialist country. Now it's disappeared and we are left with the debt, but what could have been with all that money - schools, medical care, etc.

[riverine]

1. Actually that $22 trillion debt has paid for a lot of social programs

EBT, EITC, SS, Medicaid, Medicare, and of course the obligatory defense programs.

[FakeNoose]

2. The money hasn't actually disappeared

Last edited Tue Mar 5, 2019, 06:59 PM - Edit history (1)

... it's in the bank accounts of the one-per-centers. All we have to do is start taxing them to get it back.

[Lochloosa]

3. The US does not have a debt problem...

It has a revenue problem.

[ffr]

4. Interesting take, but yeah. 1990s Clinton Era grew the economy from increasing taxes on the wealthy

The result was the longest economic expansion in U.S. history.

For those who doubt, I provided a link.

Thanks Lochloosa!