Schneibster
06-23-2011, 03:23 AM
Simple argument: now when the economy is bad, interest rates are low. We've got crumbling infrastructure. Should we borrow to fix that infrastructure now, when rates are low, or wait until later, when the economy is better, but rates are high again?
Ummm, can I point out here that the amount of the deficit depends upon the rate? In other words this question is actually whether we should pay more for necessary, needed infrastructure improvements and repairs. We're going to have to do them anyway, why pay more? Why not do them now, when they're cheap? Forget whether it fixes employment or not, the question is simple, pay less now or pay more later? And the answer is simple, too.
Borrow now, or borrow later? Because we will be borrowing. So really, it's borrow cheap, or borrow expensive?
Oh, and guess who makes the money?
One guess only.
Ummm, can I point out here that the amount of the deficit depends upon the rate? In other words this question is actually whether we should pay more for necessary, needed infrastructure improvements and repairs. We're going to have to do them anyway, why pay more? Why not do them now, when they're cheap? Forget whether it fixes employment or not, the question is simple, pay less now or pay more later? And the answer is simple, too.
Borrow now, or borrow later? Because we will be borrowing. So really, it's borrow cheap, or borrow expensive?
Oh, and guess who makes the money?
One guess only.