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Ohio passenger rail service killed by Governor elect.
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<p>[quote user="Phoebe Vet"]</p> <p><span style="color:#800000;">It's not a simple black and white issue.</span></p> <p><span style="color:#800000;">If you are deep in debt and struggling and your car, the one you need to get to work, dies. Do you say "I can't afford any more debt, so I will just not go to work and hope the car heals? Or do you suck it up and incur a little more debt to fix the car so you can still get to work?</span></p> <p><span style="color:#800000;">The real question is do you replace the car, which would be a lot more debt, or do you do the cheapest repair possible to minimize the debt while still investing in the car repair.</span></p> <p><span style="color:#800000;">A responsible person does the cheaper repair. A person who chooses no more debt is just as irresponsible as the one who chooses to buy a new car.</span></p> <div style="clear:both;"></div> <p>[/quote]</p> <p class="MsoNormal"><span style="font-family: verdana,geneva;"><span style="font-size: small;">Well yes, I agree with your car example and its context.<span style="mso-spacerun: yes;"> </span>Spending a little money in order to make money, when you are short of money is often the wisest course of action.<span style="mso-spacerun: yes;"> </span>But that is not what Keynesian economics is as it pertains to our economic stimulus policy.</span></span></p> <p class="MsoNormal"><span style="font-size: small;"><span style="font-family: verdana,geneva;"><span style="font-size: small;"> <o:p></o:p></span></span></span></p> <p><span style="font-size: 12pt; font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"><span style="font-family: verdana,geneva;"><span style="font-size: small;">The analogy to our economic stimulus policy would be like this:<span style="mso-spacerun: yes;"> </span>You don’t have much money, and your car needs be replaced so you can go to work and make more money.<span style="mso-spacerun: yes;"> </span>So you somehow get the credit to buy the most expensive car you can find, and that transaction makes you so wealthy that you don’t have to work. So you take an expensive vacation and get even wealthier.</span></span><span style="mso-spacerun: yes;"><span style="font-family: verdana,geneva;"><span style="font-size: small;"> </span></span> </span><span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span></span></p>
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