itfitzme
VIP Member
I have to make an "argument" that adding a trillion dollars plus a year to our debt is a bad thing? Are you serious?
Seriously. Why is it a bad thing?
1) our kids will have to pay it off and so suffer a decreased life style for your immoral behavior
2) government spending is wasted mal-investment Solyndra bridge to nowhere spending or crippling welfare payments that buy votes, subvert democracy, and destroy the soul
Economics is about the redistribution of scarce resources. Money is simply a medium for determining the relative perceived value of the stuff. It is simply a way of keeping score.
All goods consumed in the future will be produced in the future. We cannot eat future food and we cannot occupy future houses. The economy is not a house hold where purchases on the credit card have to be paid back by forgoing consumption. There is no borrowing from future consumption.
Some how the books have to balance, but the value of money is not fixed and consumption is only affected if we a) don't produce or b) we sell it all to China.
See, this is why you are positively to slow to understand economics. Clearly, you have no understanding of economics, at the most fundamental level.
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