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Trillion Dollar Sticker Shock? Let's All Get Over It

Ones and Tooze

CHAPTER

The Basics of Affordability

"Can we actually afford trillions in spending or debt? Well, the affordability, I think, has three elements," he says. "If your income is in trillions of dollars, then your collective borrowing capacity and your spending capacity is in trillions." He adds that it's a non-trivial matter of figuring out who in the end pays the bill.

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