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Government Debt Is Starting to Look Almost as Sketchy as Payday Loans

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Tags Taxes and Spending

07/28/2021Malachy McDermott

As government seek ever larger amounts of debt to finance more spending, they're embracing huge debt levels in the way a broke consumer might embrace payday loans. In the end, we're left with nothing but a flimsy promise to pay. 

Original Article: "Government Debt Is Starting to Look Almost as Sketchy as Payday Loans"

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Author:

Malachy McDermott

Malachy McDermott has a degree in economics from University College, Dublin in Ireland.

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