For me, I’d be happy to accept “fiscal insanity” any day in place of “National Security insanity” and “environmental responsibility insanity” … but that’s just me.
It is ALWAYS crucially important to know the purpose of the debt. Borrowing to pay operating costs is a recipe for disaster. See Puerto Rico, Greece, Italy, Spain, Portugal, and a host of smaller countries for examples of how devastating it can be.
But borrowing for investment is a necessity. Infrastructure is worth the expense. Mundane stuff like new water supply and wastewater systems, an enhanced power grid, and environmental restoration where it’s feasible. Railroads. High-speed lines that will whisk people from one major city to another at hundreds of miles per hour. Green infrastructure that will be needed to support the inexorable shift to renewable energy sources. These are the things it is worth borrowing to pay for, because they will return many times their cost to build. There will be efficiencies discovered, other cost savings in the future, new revenue sources identified for government operations, new industries and the attendant jobs created, the new experience, knowledge and expertise gained that are vital to these industries. With the ultimate goal of ensuring that the USA remains the global economic powerhouse that it is today, with leadership in many industries. If we allow the experience, knowledge, & expertise to depart, then we will have only ourselves to blame for our downfall. You cannot, must not, stagnate by clinging to old methods and old technologies. Instead, you must always be the leader in the creation and development of the next big thing.
He is following the TRAITOR Trumputin’s Guide on business(in other word’s How to fail and still make money for yourself). Bankruptcy protection at work.
LeftCoastKen Premium Member about 5 years ago
For me, I’d be happy to accept “fiscal insanity” any day in place of “National Security insanity” and “environmental responsibility insanity” … but that’s just me.
pschearer Premium Member about 5 years ago
I long for the good old days when you could go for months and not hear the word “trillions”.
Liverlips McCracken Premium Member about 5 years ago
It is ALWAYS crucially important to know the purpose of the debt. Borrowing to pay operating costs is a recipe for disaster. See Puerto Rico, Greece, Italy, Spain, Portugal, and a host of smaller countries for examples of how devastating it can be.
But borrowing for investment is a necessity. Infrastructure is worth the expense. Mundane stuff like new water supply and wastewater systems, an enhanced power grid, and environmental restoration where it’s feasible. Railroads. High-speed lines that will whisk people from one major city to another at hundreds of miles per hour. Green infrastructure that will be needed to support the inexorable shift to renewable energy sources. These are the things it is worth borrowing to pay for, because they will return many times their cost to build. There will be efficiencies discovered, other cost savings in the future, new revenue sources identified for government operations, new industries and the attendant jobs created, the new experience, knowledge and expertise gained that are vital to these industries. With the ultimate goal of ensuring that the USA remains the global economic powerhouse that it is today, with leadership in many industries. If we allow the experience, knowledge, & expertise to depart, then we will have only ourselves to blame for our downfall. You cannot, must not, stagnate by clinging to old methods and old technologies. Instead, you must always be the leader in the creation and development of the next big thing.
uniquename about 5 years ago
You know it’s kind of funny, when you spend deficit money, it really does seem to grow on a tree.
Plods with ...™ about 5 years ago
When $1B is part of the budget vs $1,000,000,000.00, it’s easy.
I was FRAMED!!!!!! about 5 years ago
He is following the TRAITOR Trumputin’s Guide on business(in other word’s How to fail and still make money for yourself). Bankruptcy protection at work.
harvey812abc about 5 years ago
Also know as the Democratic nominee.