Quote:
Originally Posted by aceventura3
Again, I think the point is missed. If I take a loan of $1.4T,(and even if I have no current income) but I use that money wisely with a return on the money greater than the cost I would argue that I have not overspent. I look at both sides of the question, why wouldn't you?
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There is also the possibility that we borrowed 1.4 trillion so we wouldn't lose 2,3,4+ trillion. Either through lost tax revenue, more unemployment checks, failed banks, lower property values, etc...
And the value of our money might have been shot if we had gone into a real depression.
(But I do think that we need to have a better fiscal policy put into place that will start paying down the debt and allow the government to make money)