Quote:
Originally Posted by Lurch
I'm not sure what Layton does or does not know about economics, but it is not clear paying off debt is the best choice for surpluses. I personally believe in it for reasons way to long to get into here, but there are a lot of very good arguments for governments using debt for a wide variety of reasons. Businesses and individuals typically carry debt, some for good reasons and some for bad - gov't likely has similar options. I just don't believe they are capable of making good debt decisions so we should largely take that choice away.
|
In my opinion, I think that taking on debt is a good practice when the economy goes bad, but that this debt should / has to be paid off when the economy is good. Today, the economy is good, and so I think that it is good practice to pay the debt off. If not, I don't think the debt will ever be paid off.