alt Hacker News> What are some of the less painful means?
Reducing the deficit. Credit changes how private money is made through the monetary system. Fiscal policy directly creates and destroys dollars in the economy–it's fare more powerful.
> What are some of the less painful means?
Reducing the deficit. Credit changes how private money is made through the monetary system. Fiscal policy directly creates and destroys dollars in the economy–it's fare more powerful.
Reducing the deficit by any substantial amount means cutting entitlements or raising taxes substantially. That's political suicide (not that political suicide wasn't already committed by this administration).