dana tierney wrote: > Actually I was just thinking last night about Won's suggestion that > since interest rates are low it's not a bad time to be increasing the > deficit. I feel like there is a flaw in that argument but I don't > really know what it is. Was there ever a consensus on that either? > > Dana >
Increasing deficit during low interest rates is not a bad thing. It's actually the core principal of Keynesian Economics, which when talking with a few people, I believe is the socially responsible thing as well as the most strategic path during periods of low interest rates. Unfortunatly, The White House and Congress aren't spending the money on social programs such as job training etc. Time magazine points out a few things that the money has been used for. Something like .5M on a ski training facility in Alaska. Some more money to restore tourist spas in Arkansas or some other place. And some senator from Wisc got money to build a Paper Industry Hall of Fame. The US will have a Hall of Fame for the giants of the paper industry, to honor and recongize their great contributions to society. Good borrowing has to be married with good spending; else it turns into bad borrowing. I've been reading some articles, from Time, that some members of the Republican party are unhappy with Bush's spending. Claiming that it goes against traditional Republican values. They were willing to stay quiet during the election for the greater good of the party, but won't now. I took the report with a grain of salt because no Senators were named. But it did make sense to me. Shrug. -- 2004 - The year $184M couldn't buy a pennant. Ron Artest: Extremely flawed, very accidental, semi-martyr ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Special thanks to the CF Community Suite Silver Sponsor - CFDynamics http://www.cfdynamics.com Message: http://www.houseoffusion.com/lists.cfm/link=i:5:138519 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
