Quote:
Originally Posted by fotze
It is pretty hypocritical of the Canadian government (any party who has been in power) to talk about overspending.
|
I hope this isn't a (thinly) veiled attempt to correlate deficit spending with consumer debt. They are extrodinarily different beasts. I know this is a crazy concept for everyone who thinks the government basically owns one big credit card, but it can be economically beneficial to reduce overall national consumer debt while maintaining deficit spending for various reasons. There is absolutely no hypocricy in a politican saying that national consumer debt needs to be reduced while being pro running a deficit federal budget. That said, there are lots of economists who argue against deficit budgets during recessions (as there are those who argue for them), but it certainly isn't a black and white issue. At any rate, reducing arguments to "HURR they want me to not overspend on my personal finances because its bad for the country but they overspend on our country's finances so f-them!" is really kind of misunderstanding the argument.