Wisconsin native.
"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
Wednesday, February 11, 2009
Debt Is NOT A Solution
Oh, yah. Surprise! Debt is NOT going to stimulate--and it's possible that it will DE-stimulate (read destroy) the US economy.
In support of your final point, there is no reason that the chart should stop at zero. When we go past that $0.00 stimulation point, we can resonably expect negative stimulation for every dollar of additional debt. That is the way it works for everyone else, the same will apply to the U.S. government.
In support of your final point, there is no reason that the chart should stop at zero. When we go past that $0.00 stimulation point, we can resonably expect negative stimulation for every dollar of additional debt. That is the way it works for everyone else, the same will apply to the U.S. government.
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