Who Exactly Mopped up $1.33 Trillion of New US Government Debt over the Past 12 months? | Wolf Street
— Read on wolfstreet.com/2018/12/17/who-bought-1-33-tn-of-new-us-government-debt-over-the-past-12-months/
This is unsustainable by any measure. The government does not need more taxes, it needs less spending. Tax breaks take the money away from Washington DC politicians and put it in the private sector to create wealth. Governments do not create wealth.
This is why GDP should not include government spending. It is a distortion that defies economic logic.