Quote:
Originally Posted by Slava
Are you actually trying to say that no one should go into debt for anything ever? Because if that's your position its a terrible idea. Lots of people use credit responsibly and there is no reason that a government can't as well.
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Borrowing to fund capital programs is one thing. Borrowing to pay for social program you cannot afford today is not wise. If you can't pay for it today, you can't pay for it tomorrow, then who's going to pay for it? Generations down the road are the one paying for it until the bottom falls out, just ask the Greeks.