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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
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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...