Any high savings or debt is likely to be indicative of structural problems in the economy (China versus the US comes to mind)
I don't see why high savings would be bad. Yes, it might be indicative of something else not so good, but is not itself bad, or at least I can't see why it would be. Particularly if those with higher savings (as a percent of income) are the poorer people. Better safe than sorry, as the old saying goes. And in this case I think that could be translated into better to save a little more than optimal than risk getting into lots of debt.
Politicians figured out that they could borrow money to get short-term results to help them get re-elected. Bush did it, Obama did it, and now Trump is doing it too. This almost trillion dollar borrowing is unsustainable.
Already given a case study example: China. Folk tend to inappropriately see macroeconomic indicators in good vs bad terms. Deficit bad. Surplus good. Debt bad. Savings good. It's a binary world that guarantees a failed understanding of macroeconomic reality.
Trump's massive federal debt keeps growing every day - what are forum right wingers going to do about it???
No one, no matter if they are red or blue, is going to do anything because few care about deficits and debt. There is NO perceived negative impact at the individual level of how much debt or deficit spending is going on...out of sight-out of mind. And pity the poor sucker who runs a campaign to reduce debt and deficit spending and talks about raising taxes...
But gee whiz, Oh Golly gee ~ when Obama was in the White Wash House, the right wingers had their soiled panties in a twist about the debt. Today they are silent. Why oh why is this so???
