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Jobs are created out of debt, not thin air. The gov't does indeed have the ability to create more debt and more jobs. We're betting that the stimulus' net eff
by kbob 17y ago
Jobs are created out of debt, not thin air. The gov't does indeed have the ability to create more debt and more jobs.
We're betting that the stimulus' net effect on the economy is more growth than the debt's interest, so it'll be more productive to borrow, spend, and repay than not to.
You'll note that the private sector does this all the time. Student loans are a perfect example: create a professor's job today for a higher salary tomorrow.