Comment

Massive Attack on Kabul's Hotel Inter-Continental

257
dog philosopher ஐஒஔ௸6/28/2011 6:23:33 pm PDT

re: #254 Rightwingconspirator

Where I disagree with you is where when revenues go up and safety nets (along with other spending) increases run into that point where revenues decline as they must from time to time.

If spending can not adjust accordingly, then servicing the debt eats monies otherwise available for safety nets etc. If I read you right you are saying safety net spending can never be reduced only maintained or expanded. Debt has consequences proportionate to the size of the debt.

money doesn’t disappear when governments spend it

economies prosper when money moves around quickly, not when budgets are balanced