SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Lokness who wrote (102480)1/30/2009 11:38:22 AM
From: JohnM  Read Replies (2) of 542623
 
Steve, I should add something about the costs to that previous post. It got away from me too quickly.

I think I understand your concern about increasing debt and long term debt burdens. However, best I can tell, if we don't fix this recession/depression that will get worse. Tax revenues decline even further, debt increases, etc. So a good fix will actually, we hope, create less debt than a Hooverish "just let it run its course."

The second is that a good fix may actually reduce the projected debt by generating new tax revenues. Much of the proposed infrastructure work is likely to do so.

I'm not arguing we will not be increasing the debt; just arguing that it's not the first priority right now. And much of the talk about it is more draconian than needs to be.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News