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What us "scaremongers" are going to say is that it's not very wise. Debt is based on future growth so it's always a gamble. Wouldn't you rather be prudent and s
by ianstallings 14y ago
What us "scaremongers" are going to say is that it's not very wise. Debt is based on future growth so it's always a gamble. Wouldn't you rather be prudent and spend less? Or is there some rush to spend every single dime? I just don't get it. Breaking it down with research into past events doesn't negate the fact that borrowing has to be paid back. Did we just fall of the rational-thinking cart or something? It's not silly to be conservative. In fact in a lot of places it's called wisdom.
- derefr 14y agoTo put it shortly, a completely de-leveraged economy leaves people starving in the streets. We're basically spending to outrace Malthus.