Quote:
Originally Posted by tony286
That would make sense but he wants to cut all spending. So no stimulus for that, I had heard to its so old and fucked up that to bring the infrastructure to a b+ would cost 5 trillion dollars. Now that would spur a boom lol.
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As i've said a million times: history has show that austerity in tough economic times is always a disaster. If you can borrow at 0% (more like -2% adjusted for inflation) to stimulate the economy, you fucking do it. Obviously you can't do that forever, but now is not the time for austerity.
And yeah Tony, it absolutely would spur a boom. More people making more money = more tax revenue to pay down the debt. win-win.