The U.S. Government could be a worthwhile investment (as a charity), but it's not doing so right now. We could raise taxes to invest in infrastructure, which would increase future GDP. A charity cannot do this owing to eminent domain issues.
That's the real rub about this deficit/debt limit drama: it wouldn't be so bad if the government spent in areas to increase future GDP. However, the government is basically an old-age insurance program with a large army. I don't see these expenditures contributing greatly to future GDP.
That's the real rub about this deficit/debt limit drama: it wouldn't be so bad if the government spent in areas to increase future GDP. However, the government is basically an old-age insurance program with a large army. I don't see these expenditures contributing greatly to future GDP.