While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing
Who cares. It is better that the government has a shit ton of debt, then almost everybody else. At least if it is used well. Company debt serves the rich and private debt has much higher interest then public debt. So if used well it is not a problem at all. Especially if you borrow in your own currency.
In reality both the US and Eurozone should just forgive the debt their central banks have bought. That if anything is what QE is for.
Who cares. It is better that the government has a shit ton of debt, then almost everybody else. At least if it is used well. Company debt serves the rich and private debt has much higher interest then public debt. So if used well it is not a problem at all. Especially if you borrow in your own currency.
In reality both the US and Eurozone should just forgive the debt their central banks have bought. That if anything is what QE is for.