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A comment on Austerity Is an Antidemocratic Strategy to Boost Capital. Parent comment

Re:Austerity Is an Antidemocratic Strategy to Boost Capital by fallingknife on Wednesday January 10, 2024 @08:23AM (#38939126)
> as long as the economy grows fast enough it doesn't matter that this spending isn't covered by taxes

Which is technically true, but impossible over the long run for the levels of deficits the US is running now.

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Re:Austerity Is an Antidemocratic Strategy to Boost Capital by waveofthehand on Thursday January 11, 2024 @06:29AM (#38950821)
It is not "impossible" at all. The US cannot run out of its own currency. It controls the currency. It can run whatever deficits it wishes to.
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