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Piling on Debt Is Not the Answer
The consequences of the Great Policy Blunder – shutting down our economy in a futile attempt to escape a viral pandemic – are numerous and devastating. Widespread unemployment, cratering GDP, educational disruption, escalating overdose and suicide rates, and increased racial tensions are just part of the penalty we are paying for decisions made.
But when the dust has settled and we’re in the New Normal, whatever that is, we’ll have to deal with the most lasting of all the self-inflicted wounds – the broad economic destruction that will be the result of piling onto our debt load.
Politicians seem oblivious to the fact that those are real dollars being spent to mitigate the effects of the lockdown. The CBO pegs the additional debt so far at $2.7 trillion since last October.
David Spady returns to Whiskey Politics where we discuss if Los Angeles and California can afford the Olympics, the national debt just hit $20 trillion and all we got was this lousy t-shirt (what the heck are Republicans doing to reduce the debt?), Annenberg’s study showing just how stupid people really are, Trump, Pelosi, and Schumer, DACA, and tax reform. Will Trump get a bad deal, and is the Kaepernick effect causing lower ratings and empty stadiums?
One of Hillary Clinton’s campaign proposals is for additional infrastructure spending to the tune of 
Why is the United States Government today still considered the finest investment risk in the world? The answer traces to 
Financial experts in New York, London, and Brussels have tut-tutted Greece’s economic travails as Athens considers its future with the European Union. Why did they borrow so much money? How can they ever pay it back? Do they think that much debt is sustainable?
WASHINGTON — For years, President Barack Obama struggled under the weight of national debt, unsustainable entitlements, and a trillion-dollar stimulus borrowed against the value of his country totaling hundreds of billions of dollars. But in 2012, financial salvation seemed to have arrived: A large Asian government offered him another series of loans.