bpdexter85 replied on Permalink
Your argument has very, very thin rationale.
For such harsh critism over the content of this article, your rebuttal doesn't add up.
First, you state that "reducing our national debt is a sound thing to do". This is incorrect right now. It is advantageous to borrow at this time as treasury rates are lower than the rate of GDP growth for the predictable future. Basically that means it is a good investment to borrow money at such low rates because our rate of return on any money we invest off of the borrowed money is almost certainly to be greater than the rate of return on treasury bonds. So no, reducing the debt right now is actually a bad decision.
Second, while yes the economy will heal naturally and is currently doing so, the rate at which this is happening in respect to jobs is horribly slow. Yes, government spending is only one part of GDP, but what you fail to understand is the government spending portion of GDP also has a higher rate of job expansion compared to the other parts of GDP, which has been shown again and again in data.
