Who Owes Who

Paul Krugman is right in that national debt isn’t necessarily a terrible thing. It isn’t good, but it doesn’t have to be terrible, especially when, as he says, the money is owed internally. Cutting government spending is useful, but spending more in some areas can also be useful. That’s why I suggest cutting military spending, but increasing spending on worker training.

It more important to spend on the right things than to not spend at all.

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