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Politics : American Presidential Politics and foreign affairs
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To: Jim S who wrote (25664)2/4/2008 4:27:55 PM
From: Peter Dierks  Read Replies (1) of 71588
 
"a war that threatens the existence of a nation would be worth some deficit spending, even if it drags on for a long time."

Historically there have been sacrifices asked of the populous and granted by them to fund previous wars. In addition the people have generally rallied to buy war bonds to help fund the war. In the current environment it appears that many American leftists would undermine efforts to fund the War o Terror.

"deficit spending for infrastructure, which will return an economic gain could be worth borrowing for, even over a very long term, so long as the return exceeds the expense."

You mean things like the bridge to nowhere? The big dig? I don't see much of that which I would categorize as essential or even highly important. Mostly there is a mass rush by Congress to award government largess on favored companies that buy the largess through relatively small campaign contributions.

"we're talking about borrowing for investment versus expense."

Government spending is out of control.
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