Comment by cryptonector

> I would also point out that back when we ran briefly ran a surplus in the late 1990s, economists were not exclaiming about how terrible this was, or how paying off the debt represented a missed opportunity or a catastophe in the making. Everyone agreed at that time that surpluses were good, and that paying down the debt was good. The current "this is fine" thinking smacks of economists who have a predisposition to accept and justify the status quo, whether it is objectively good or not.

Oh? I remember all the teeth mashing about all those funds who have to buy treasuries and now what are they gonna doooo! And how this is unprecedented and how are the markets going to reacccct! Numerous articles about that sort of thing in The Economist and various other outlets.