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Deficit Spending No Longer Investment in our Future

03 Jan

Deficit spending once was largely for investments — building infrastructure, winning wars — which benefited future generations, so government borrowing appropriately shared the burden with those generations. Now, however, continuous borrowing burdens future generations in order to finance current consumption. Today’s policy, says DeMuth, erases “the distinction between investing for the future and borrowing from the future.”

http://m.washingtonpost.com/opinions/george-will-our-decadent-democracy/2013/01/02/90dac36c-5477-11e2-bf3e-76c0a789346f_story.html

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Posted by on January 3, 2013 in politics

 

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