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DEBT = BAD.
When you have debt, you have to pay the interest.
When the interest is billions on a 20+ trillion dollar debt, you have to print money to pay that interest.
When you print money to pay that interest, you increase the supply of money in the market and create inflation.
When you increase the money supply and inflation increases, the purchasing power of the dollar falls.
When the purchasing power of the dollar falls, you end up paying more for the same goods.
Who suffers? Everyone living in the country.
I remember an article about a month back that said that the average annual grocery bill should increase by about $500 per household next year. This is directly due to policies like taking on debt and printing money to pay for it.
The purchasing power of the US dollar has fallen something like 98% in the past 100 years, mainly due to the creation of the Feds and going away from a gold standard.
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