Quote:
Originally Posted by dippin
It seems that it is you who can't see the subtlety in the deficits argument.
Because there is no possible argument that says that deficits are good during an expansion and bad during a crisis.
|
I look at it based on return on investment. Is it a good use of debt for a county to build a needed school - yes. Was it a good use of debt to build the interstate highway system - yes. Was it a good use of debt to fight WWII - yes. Was it a good use of debt to bail-out GM - I would say no.
Quote:
|
Some people say that deficits are always problematic.
|
Some people, yes. Some people would think it a problem for an individual to use an 80% mortgage they can afford to buy a home, I don't.