January 8, 2012 0Comment

What many people don’t consider is that stimulus spending is a different issue than deficit spending. Debating the merits of government stimulus spending is a different discussion. The fact is that when the government borrows money for any type of spending it has the same effect. So what is the problem with the government borrowing so much money? Let’s say you had $100 that you could lend and you knew 2 people who wanted to borrow it. The first one owned a nice home, had a good job, and expensive jewelry. He would give you an expensive diamond ring to…