Saturday, December 31, 2005

Deficit Spending and Abortion

Let's give John Maynard Keynes his due, and grant that deficit spending by governments, during economic downturns, is a good, counter-cyclical thing. Now let's examine George W. Bush. He insists that the economy has been growing since he assumed office, and he's signed off on massive deficits every year. My take: this kind of spending will have one of two outcomes - either it leads to a debt which is not honored, which is theft, or it leads to the enjoyment of goods by this generation which will be paid for by future generations. I say it is akin to abortion which in most cases is a decision to live conveniently now at the expense of a child.

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