Quote:
Originally Posted by randolph
Personally, I am very adverse to debt, I have seen how destructive it can be. I see no justification for social spending based on debt. Social spending should be based on productivity of the economy.
As governor of California, Earl Warren used to say, we pay as we go. that's the only way an economy can be sustainable. California was thriving in those days.
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I don't have time at this moment to respond fully, but I will make a couple of quick points.
1. It is a fallacy to analogize personal/consumer debt to government deficit spending. I am not saying you have done this, Randolph, but rather am making a general point.
2. If you truly believe that "social spending should be based on productivity of the economy" and you truly see "no justification for social spending based on debt," than you must be completely opposed to any type of government stimulus of the economy whatsoever. That would include the WPA and CCC during the Great Depression. Is that the case?
Off to hang out with Kaiti and Tiffany ... "skipping" classes, and back on line sporadically over the next couple of days.