Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site proper.UUCP Path: utzoo!linus!decvax!harpo!seismo!hao!hplabs!hpda!fortune!amd70!onyx!dual!proper!gam From: gam@proper.UUCP (Gordon Moffett) Newsgroups: net.flame Subject: Re: Ronnie, Ronnie, ... Balanced Budget Message-ID: <1019@proper.UUCP> Date: Wed, 29-Feb-84 00:34:38 EST Article-I.D.: proper.1019 Posted: Wed Feb 29 00:34:38 1984 Date-Received: Sun, 19-Feb-84 02:42:00 EST References: <870@ihuxm.UUCP>, <280@dual.UUCP> Organization: Proper UNIX, San Leandro, CA Lines: 13 Eric, I am so glad you explained the Keynesian model to us. I was thinking about writing about it myself, since, like so many others, I had felt that the Huge Deficit was inherently bad, but after taking courses in economics I have begrudgingly agreed that we had to go into debt (then) to improve (if not save) the economy; in fact we can attribute this economic upturn to exactly that `military-industrial' spending you described. (Economics is, in this way, amoral -- I am not sure it would make any difference if the same dollars were spent in other productive areas, or in long- term investments like education). The problem is, as with all debt, that we must now pay it off...