Jacobtm
Sr. Member
Posts: 3,216
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« on: October 30, 2012, 11:19:12 PM » |
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Schumer is right.
We are not going to default.
Our economy needs more stimulus.
We have reached a new equilibrium with a large chunk of society unemployed. The private sector is sitting on more cash than it has in recent memory, yet they are not hiring.
It is the perfect opportunity for government spending to make a difference, especially with borrowing rates essentially at zero %.
We need massive upgrades to our infrastructure, we could easily start there.
Defecit reduction right now would just throw us back into a recession.
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