Quote:
Originally Posted by #-3
Money is money, you've created a complete false dichotomy between operations and capital. When your biggest problems are spiraling job loses and drops in consumer spending, the responsible thing is to make sure your spending will be as concentrated in your local market as possible (as in wages).
They could have gone out and spent the same amount of money on a new turbine for a power plant, and there might have been a better ROI for that, than making sure that our government offices were full. But the turbine would not have been built here, the guy who built it would not have bought is groceries here, and when the job market did rebound he would not be up to speed on the work that needed to be done in Alberta. So when your primary goal is the long term health of the economy, some times you needed to look beyond 1 line in the ledger.
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I just completely disagree. I think that borrowing to build capital projects and borrowing for operations are completely different. If I borrow money to say build an addition on my house, that's fine. If I borrow money to pay my utility bill though, that's not fine.
And while I'm loathe to use a household budget as a government budget, I think that analogy makes sense here.