tigergollywog said:
Surplus smurplus. If I give a Lib a $, he sticks it in his pocket and say "ive got a dollar in my pocket". If I give a Lab a $, she buys an asprin and a pencil and says 'use 'em whenever you want'.
You're probably right TGG. But they'd give you a pencil for a headache and give the asprin to the HSU. Not much chop in doing that.
Good to see waste is acknowledged. You don't blow money for the sake of it. Or you don't keep borrowing with no aim or means to pay it back.
Plainly irresponsible.
antman said:
Ah yes, the tired old "budget deficits are bad" argument. An inherently stupid one.
A tip to interpretation - governments can use spending to stimulate economic growth, employment growth, and used judiciously it can keep a country out of a recession/depression or at least mitigate these effects. Note the early/mid 90s where had defecist yet strong consistent economic growth - over 40 consecutive quarters I believe.
Debts - in government as in business - are only bad if you can't service them.
Just a couple of things..
Yes, I agree with the 2nd paragraph, but the key word is "judiciously". From what I've seen, they have absolutely wasted $billions upon $billions. Only a buffoon would say that money was spent/invested wisely.
Regarding deficits, just a few questions
1. What was the amount of debt that the country is in now?
2. What was it 4 years ago?
3. What infrastructure or lasting legacy has this splurge given us?
4. Can the current government debt be serviced?
5. What taxes are they relying on to service them?
I'd like to know the answers, does anyone have them?