[MD] Dynamic Development at all costs?
pholden at davtv.com
pholden at davtv.com
Mon Apr 21 14:23:52 PDT 2008
Quoting Arlo Bensinger <ajb102 at psu.edu>:
> Do you not think the debt is a problem? If not, why worry about
> government spending at all? I mean, according to the page you
> offered, "in 2007 Congress raised the debt limit to $9.815
> trillion..." $10 trillion dollars? That's an almost meaningless
> amount, like saying 10 bajillion dollars. At what point do you ever
> see it becoming a problem? 100 gajillion bobillion banafana fofana
> dollars? Or is a ratio thing? Is it 70% debt-GDP? 90%? When?
>
> Nonetheless, this very page you point to gives enough reason why we
> should be concerned. Thanks.
When I see that the debt to GDP ratio was more than 100 percent after WW II,
and seeing the growth in GDP and the improvement in quality of life since
then, I don't get all hysterical by recent growth due to protecting our
freedoms. I am not of the "better red than dead" school, or the current situation,
"better Muslim than decapitated." That the debt to GDP ratio is better going
down than up I grant, but not at the expense of losing liberty.
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