4 ms·
It’s funny but economically wrong to ban deficits. I agree we are spending too much now, but the solution should not be to stop all spending. The problem is d
by fn-mote 1y ago
It’s funny but economically wrong to ban deficits.
I agree we are spending too much now, but the solution should not be to stop all spending.
The problem is deeper than just a deficit.
- blitzar 1y agoWe should bring back surpluses in the good times. If you are the head of a country and you are proclaiming that the economy is "the greatest ever" then you should be running a balanced / surplus budget. If the economy is in the shitter you are perfectly entitled to run a deficit.
- sethammons 1y agoCan the down voters help me understand the downvotes? The argument seems cogent. Doing good? Pay down debts. Need a boost? Invest and incur debt. Where is the flaw?
- mindslight 1y agoIt makes nobody happy - people who think deficits are bad, people who think continual deficits are good, people with no trust in politicians to do the right thing.
- msgodel 1y agoIt might be more optimal to run a small deficit but I don't think you can trust the legislature with it.