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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (318934)	11/19/2016 10:52:16 PM
From: JohnM	Respond to of 541853

I'm talking about the long term perspective of debt. For any given politician, NOW is always the right time to spend, and the future is always the right time to pay it down. Different argument; same conclusion. Now, right now, is the time to borrow with rates at their current lowest. Just saw a Barron's article advocating 100 year Treasuries. Because the rates are so low. That's been Krugman's argument for longer than I can recall. In a sane world, deficits are run during recessions, and surpluses are used to pay down debt in the peak years of the cycle. Not now. Political reasons and interest rate reasons "trump" that argument. Moreover, labor markets are not tights in many regions of the country. In a decent world, that infrastructure work would be positioned to provide jobs in those areas.