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The Moxie Nerve Food Tonic
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Join Date: Mar 2001
Location: right behind you
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Jan 23rd, 2004, 09:47 AM
"Deficits are supported by various economists as a way to stimulate recovery."
And not supported by other economists.
But since your generation is going to paying off W.s debt, more power to you.
I don't think I'd mind the defficits so much if the money weren't being spent on war in Iraq and tax cuts for the people who need them the least. If we were running massive deficits because our money was being spent on ways to free ourselves from oil dependence, strengethening police and fire departments, education and job training, veterans benefits, afterschool programs which research shows reduce drug use as opposed to student drug testing which research shows does not reduce drug testing etc. Maybe I'd be more sanguine about the debt. But only a little. Fiscal responsability is one of the few thing Republicans ever changed my mind about.
John Mccain recently accused his own party of spending money like drunken sailors.
So far 'growth' stimulation is great if you build yachts or own Neiman Marcus, or are one of the 1,000 lucky people who got one of those jobs recently created. When Mommy and Daddy stop paying for your bow ties and pocket protectors I'll be more impressed by your economic savy.
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