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.
They feign concern about the national debt. For my entire lifetime they’ve done nothing but run up the debt.
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.