re: #43 Obdicut

Yes, there is ‘escaping’ that. Government spending during a recession is overwhelmingly agreed to be necessary. An examination of the spending patterns during the recovery from the Great Depression shows this rather clearly. It is a fringe, mainly Austrian Economics view that cutting spending in a recession is a good idea.

Not only are we spending way, way too much, we are also saddling the future economy with promises that the federal government will provide even more stuff for people. This is a problem, and saying that thinking that way is a “fringe” idea doesn’t make it go away.

There is no analogy between your credit card/personal finances and the nations economy. It doesn’t exist, any more than your own personal health relates to the health of the nation at large.

Yes, there is.