11101
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- Aug 26, 2014
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How so? I agree with him, it's basically what all western nations do...
And look where it's got us...
That kind of thinking is how people, companies and countries go bankrupt.
At some point there may be another recession, borrowing costs may spiral, our population may age, there may be a major war, etc etc. In reality all those are likely to happen.
A sensible policy would be to put some away for a rainy day (Norway, Japan etc) and make sure the debt remains within manageable limits. Ours is currently amongst the highest in the world and growing again. Others with high debt like the US know it's a problem and try to reduce it.
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