Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (92676)	10/31/2008 12:12:38 PM
From: TimF	Read Replies (1) \| Respond to of 541578

What spending do you want to restrict now that we are entering an economic downturn? Restrict the growth of (which doesn't mean cut) just about every very large program. (Not interest on debt, which isn't a program, and more to the point if you don't pay the interest you don't get new lenders, and generally cause a severe crisis). Some programs (like unemployment insurance) should be allowed to operate as normal, they have built in counter-cyclical pattern where spending automatically goes up as economic times get worse. I wouldn't remove that built in counter-cylical effect, but I would add new spending beyond the increases that are going to happen fairly automatically in response to higher unemployment.