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Originally Posted by Guest
You have quoted pieces that support your point of view...
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Of course I have.
That's what intelligent people do in a debate.
Feel free to add your own.
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Originally Posted by Guest
that debt doesn't matter but if you were objective you could find economists that support the exact opposite views.
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Very true.
If you will note however, my point was aimed at those who would try to simplify our nation's deficit's/debt...to that of an individual's debt.
They
are not the same.
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Originally Posted by Guest
I hear deficiet spending stimulates the economy and agree with that to a point, but it depends on the "investment".. But borrowing, printing, whatever you call it to support spending that has no real potential of return has to catch up with us. Take a cruise missle that I believe cost 1 million apiece to make. You borrow that million and flatten a clay building in Iraq, multiply that by 1000 missles and you have a billion borrowed dollars invested. Using your logic why could we not just open up all the AMT machines across the country and let everyone one take what they need, using honor system of course. It would not hurt anything and stimulate the economy. Maybe
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Obviously, some spending gives greater returns than others.
While your example of the cruise missile is admittedly on the low end of ROI's, someone had to supply the materials and build it...didn't they?
I doubt the materials were donated and the labor free...so that money WAS recirculated through the economy.
Deepest Sincere Wishes:
