Thursday, November 20, 2008
The Government Should Go Into deficit, Don't Herd the Billion's
Glen Stevens today noted that Australians should stop talking them selves into an unnecessary recession. Mr Stevens also noted that the government should go into deficit to keep the economy growing. On the issue of surplus and deficit, it always surprises why there is so much negativity about the dreaded word deficit. Basic economics tells us governments should obtain a surplus in good times, and spend like hell in bad times. The Liberal National coalition really grinds my gears on this issue, as they rather the government herd the billions while the rest of the nations incurs our own collective billion dollar household debts. I say to the government, spend spend spend! The Surplus is wasteful and is used only for symbolic reasons for cheap political rhetoric. Australia deserves their money.