Comment Re:First Time (Score 3, Interesting) 639
The guy that I was responding to insisted on perpetual debt. If you want to spend borrowed money on a fantastic opportunity that is time limited, then go for it. However maintaining a perpetual debt on purpose is a waste.
Regarding your argument of job losses, yes I understand, but people quit their jobs all the time. As they quit, spending could be reduced, to discourage hiring.
Shuttering the military industrial complex sounds nice to me. I don't believe that government and CEOs should be in the position to maintain employment by hiring people to make things for killing. In that specific situation, their manufacturing would be no more productive than just sitting around doing nothing. I suppose that they might as well make ammo for target practise, but that's not the point of this discussion.
For your job loss concern, the money would be better spent giving financial rewards to those who build and sell environmentally friendly products. I realize that you weren't speaking against such a suggestion, but my point is that reduced spending, plus shuttering manufacturing of a certain thing, and maintaining a surplus can be a good thing.
I'm not saying that we have to have a surplus, even if it shocks the economy. I'm saying that having a surplus is a good thing, and that we can't speak out against it, just because it's a surplus.
If we're really concerned about job losses, then the government could have the same effect by closing off the borders, and requiring more domestic manufacturing, and finding ways to direct our personal spending.