| thranx said: I just don't agree with this kind of deficit spending. I think we do the right thing, take a hit now, and recover. Trying to spend our way out will just make it last longer. |
Bad idea, imagine that the government cut off its spending, contracts would dry up, and people both in the public and private sector would lose their jobs, these newly unemployed, without any government support, due to the cut in spending, would cut their own spending, as would others who lost government support, this would lead to less consumer spending, which would result in lower sales at stores and businesses, this would result in lower production and more layoffs, which would further contract spending, and further reduce employment and production, resulting in a death spiral of deflation and recession, a likely permanent contraction of the economy.
