Akvod on 16 April 2010
| mrstickball said: Akvod - The problem is that even *if* you agree with that logic (and I don't. Grover Cleveland and many other presidents before him dealt with recessions without deficits), it still assumes that when out of the recession, your paying off the deficit. We haven't paid off the deficit since we started down this dark road in the 70's. |
We should run surpluses during economic expansions. We should do this by lowering Government Spending, and raising taxes.
We should run defeceits during economic recessions. We should do this by raising Government Spending, and lowering taxes.
Government spending should be used as a last resort, during a severe economic recession. The primary tool should be monetary policy.
