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[quote user="RRKen"] <blockquote>It is not time to expand when you cannot afford it.  Sure, corporations like Union Pacific can.   But the fundamental difference is, it is private money, not taxpayers.    I take risks, I darned well expect some return if it works out.  A taxpayer however has no choice, she or he must pay taxes, including covering losses when a Government fails.   At least with stocks, the company fails, I loose only what I invested.  </blockquote> That is why, if they do not have the money for that project today, sit on it til you can afford it.   Taxpayers are already feeling too far squeezed.   <div style="clear:both;"></div> [/quote] But we are being told at the national level that borrowing money and spending it when you can’t afford it is precisely the right thing to do because doing so brings prosperity.  It is the magic cornucopia of Keynesian economics.
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