Growth based on debt is unsustainable, artificial.
Sentiment: NEGATIVE
A world in which government is burdened by historic debt, philanthropy has limited resources, and the private sector is only interested in its own personal gain is simply unsustainable.
You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.
The idea that growth will remedy our debts is so addictive for politicians, but the citizens end up paying the price.
The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy.
It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.
When gross public debt exceeds 90 percent of GDP, economic growth tends to decline considerably.
The massive debt we have racked up to finance our wasteful government is pulling down growth today. Gross debt over 90 percent of GDP weakens growth now. Not tomorrow - now.
And it's also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.
Good debt growth is when you borrow money, and it goes into the real economy. You do capital spending. You build businesses.
Without growth we can't pay down our debt, and without growth there's no money for welfare.