ST Alpha - "I've of two minds on this: 1) We should certainly be critical and be very careful with this spending. 2) This is a different environemnt then the " (Reading a Post)

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I've of two minds on this: 1) We should certainly be critical and be very careful with this spending. 2) This is a different environemnt then the

Posted by ty97 Jan 8 '09, 12:34

one the WSJ is comparing to when Cheney spoke of deficits. It's a completely different economy. It's the one situation where deficit spending makes sense: as recessionary stimulus.

I don't like these numbers, however, and am sure something could and should be cut.

Responses:

the thing is, the government should overspend in recessions, and run a surplus in expansion - tRuMaN Jan 8, 12:37 2
- I agree with this, but that doesn't mean we should run will-nilly deficits. We must be smart about it regardless. -- nm - ty97 Jan 8, 12:38 1
  - oh, I wasnt saying "willy-nilly" but controlled responses - tRuMaN Jan 8, 12:40

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I've of two minds on this: 1) We should certainly be critical and be very careful with this spending. 2) This is a different environemnt then the

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