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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (129914)1/13/2013 8:57:57 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
It's math. Ask any Finance 101 student and they'll tell you the same thing.

I am very capable of doing math. However, what you are suggesting is crazy math. We have examples of when this country has borrowed huge sums of money and that borrowing didn't take away from the future. One fairly recent example was the Depression and then WW II. Huge quantities of money were borrowed and then paid down up until Ronald Reagan who didn't have a clue what he was doing decided to start the debt cycle back up.

There is cheap money now to borrow. Lets get our infrastructure back up to snuff while getting people back to work and then the future will take care of itself.