Author Topic: Government Day-to-Day  (Read 13996 times)

0 Members and 0 Guests are viewing this topic.

Offline wilber

  • Moderator
  • Full Member
  • *****
  • Posts: 7476
Re: Government Day-to-Day
« Reply #180 on: February 10, 2020, 01:08:50 pm »
Are you sure ?  Last time I checked it was a pretty close match between investment and the deficit.

Maybe Waldo can help us.

I'm not saying we shouldn't borrow to finance infrastructure, I'm saying pay off the debt, don't just pay the interest on it, passing the debt on to your grand children who will be stuck with replacing that infrastructure while carrying your debt as well. That is only an investment for you, it is a liability for future generations. Debt to GDP are just weasel words justifying never having to pay anything off.
"Never trust a man without a single redeeming vice" WSC