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Politics : Politics for Pros- moderated
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To: KyrosL who wrote (54615)7/16/2004 11:04:39 AM
From: Ilaine  Read Replies (1) of 793838
 
Kyros, are you aware of any economic research that supports the proposition that paying off the deficit is beneficial, economically?

Logic tells me that it isn't. For example, most people buy their homes putting down 10% or 20%, and mortgage the rest. That's a large deficit. But the alternative is to rent housing until they can pay cash, which is probably never.

Another example, businesses which are expanding generally have long term loans for capital expansion, and short term loans for day to day expenses, and they are constantly paying loans off simultaneously with borrowing more money. It would be ridiculous to tell them, "pay for long term capital expenditures out of cash flow, or don't expand."

What's the diff?
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