J
jilly4ski
Guest
Lol, tell that to students who more or less have mortgages out for the education and can’t find jobs. Now they are in more debt and can’t pay any of their bills.I’m no economist myself but I do know a few things about debt on a personal level. Paying off high levels of debt can be done in one of two ways: depriving oneself to hopefully pay off what is due in the remainder of one’s lifetime or SPENDING some to improve one’s earning ability so that the debt can be repaid more quickly and one can get back to the business of living.
Pretty sure it’s not quite that simple when one considers national debt, but the principle that maintaining or increasing productivity is preferable to eking out an existence seems to be a reasonable one. Entitlements are not a bad investment IF they contribute toward maintaining or increasing productivity. So feeding, educating and keeping a population healthy is not simply a charitable thing to do - if applied effectively, programs which seek to do those things represent an investment in the workforce and in the nation’s ability to repay its debts.
I am poor, by the states definition of poor. I receive medicaid benefits, the day the state can’t pay its bills and there is a spending freeze is the day some families go hungry (well this is actually unlikely as usually one gets way more in food support than one needs, at least in the liberal states I have been in), because they can’t get their food support. Or some old people freeze because the state can’t make heating support payments. It would be better to reduce entitlement payments for all, now, than to completely stop the payments sometime in the future.