Quote:
Originally Posted by kevman
Maybe it's just me but I don't like the idea of having to pay down a debt that was largely put in place before I was born. As well I don't want to leave a debt behind for my children to pay off, talk about being selfish! We easily preach to each other to "live within their means" in reference to the recent collapse of the American economy but shouldn't a government also have to "live within its means"? It's easy to gain support by promising outlandish spending but like you mentioned at what cost to our future?
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Deficit financing isn't necessarily a bad thing. If you finance programs through borrowing that will return higher output than the financing costs then you're better off.
Of course you don't want to borrow to the point that your credit is downgraded like what happened under the last Conservative government but the idea of running up a debt is a pretty standard business practice.