The article is basically saying since things are pretty good now the government should save money for a rainy day instead of spending which ignores (a) the economic benefits of smart spending on infrastructure which creates jobs and improves stuff like ports and highways and (b) that wealth is there but not spread around sufficiently so people with millions now have billions and most people are still struggling.
Ironically similar in some ways to the 1920’s and….not anxious to see how that turned out happening again.
ELI5?
The article is basically saying since things are pretty good now the government should save money for a rainy day instead of spending which ignores (a) the economic benefits of smart spending on infrastructure which creates jobs and improves stuff like ports and highways and (b) that wealth is there but not spread around sufficiently so people with millions now have billions and most people are still struggling.
Ironically similar in some ways to the 1920’s and….not anxious to see how that turned out happening again.