Comment Comment by abugheratwork > The ideology to have little or no state debt is hurting the economy and will do so in the future.Ideology can be pretty dangerous. This seems like your main point. Back up, though:> [...] state debt is not like personal or corparate debt. If you cut your spending to pay of a loan, it is usually not a problem.How is it less of a problem for a person, or for a corporation, than for a government, to have to reduce spending? parent abugheratwork 7 years ago
Ideology can be pretty dangerous. This seems like your main point. Back up, though:
> [...] state debt is not like personal or corparate debt. If you cut your spending to pay of a loan, it is usually not a problem.
How is it less of a problem for a person, or for a corporation, than for a government, to have to reduce spending?