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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (43390)	5/24/2010 3:01:25 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Deficit borrowing is deficit borrowing. (A Dollar is a Dollar. And, if deficits are run continuously, as has been our sad habit... then subsequent interest costs compound as there is little likelihood of the original principal being retired early... and, interest rates were even higher when these programs were funded.) One last point (going to a difference between spending to improve/increase capital goods and plants, or even R&D with direct commercial application, vs. more esoteric military R&D programs such as space-based S.D.I. that do not contribute so directly to commercial productive capacity): the multiplier effect for federal dollars spent (even when, especially when!, those initial dollars are borrowed) very much affects the determination of how "useful" or "helpful" that spending was....