Quote:
Originally Posted by Fozzie_DeBear
Balanced Budgets aren't a terrible idea...taking any ability of the Government to invest/stimulate the economy away is INSANE.
You need to have ALL the tools available to act in a way to attempt to balance out economic activity....ESPECIALLY in an economy as volatile as Alberta's (we are slaves to exports).
In an economic downturn it is the BEST time to catch up on infrastructure and build new capabilities to take advantage of when the economy recovers.
Of course, if you save for the next down turn in advance (Heritage Fund) you can still run a balanced budget...but I think legislating away a fiscal tool for the government is dumb, really dumb.
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Yes, this is obviously the case. As we can see, the USA clearly avoided a large recession by using the most massive direct government stimulation of the economy in western history. Now they have a debt load they will be paying off for a generation but at least the economy is roaring. /greentext