Current Events — HabitableZone

Current Events

Taxing, spending, and fiscal responsibility.

<O’Neill urges debt limit be raised

Lessee – ya got your “tax and spend” people, who might just pay down the national debt and keep long-term interest rates lower, which fosters growth and a great economy, and

ya got your borrow and spend people. (Or “spend and borrow”.)

The borrow and spend people will look good for a while, just as any family can if it maxes is credit cards. And then someone has to pay, or declare bankruptcy.

It's hard not to have an opinion as to which is better for the country in the long run. Actually, we've seen it within the last 20 years.

Arf

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