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  #46  
Old March 3rd 09, 04:38 PM posted to rec.bicycles.racing
Tom Kunich
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Posts: 6,456
Default STOP THE FEAR MONGERING

"Fred Fredburger" wrote in message
...

There used to an idea presented in Economics texts about a thing called
"Fiscal Policy". The idea was that the government might sometimes run a
budget deficit to battle recession and later run a surplus to combat
inflation. There are problems with that, and they're real, but the general
concept seems to have disappeared into a sea of perpetual deficits. Now,
everyone wants to use the same policies to fight every problem.


Yet you seem to be alright with running not just constant deficits but
increasingly huger ones as well.

But maybe not. Nobody's pressing for a balanced budget these days. If
there were a magic wand that made it so, you couldn't find a single person
in DC willing to use it. Not this year.


Nor any other.

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