BofC Gov Dodge " infrastructure spending more important than deficit"

[Lovehobby]

Former BofC Gov is right. Bravo.


http://m.thestar.com/#!/business/de...-david-dodge/7a47fed53f5f491535bfaa2bfb4e4954

 

[blackrock13]

Former BofC Gov is right. Bravo.


http://m.thestar.com/#!/business/de...-david-dodge/7a47fed53f5f491535bfaa2bfb4e4954

Once more proof you don't comprehend what you read.

OTTAWA—Former Bank of Canada governor David Dodge is taking issue with the notion that balancing government budgets as quickly as possible is the key to a strong economy, or that it is a wise policy at the moment.

“It is thus important to realize that in the current environment of low long-term interest rates, fiscal prudence does not require bringing the annual budget balance to zero almost immediately. Small increases in borrowing requirements to finance infrastructure investment would still lead to declines in the debt-to-GDP ratio,” he writes.

He's not saying don't balance it, just don't make it the #1 concern 'now'.

 

[Lovehobby]

Which is EXACTLY what I said idiot.

 

[Lovehobby]

Sec Gen OECD

INEQUALITY = SLOW GROWTH = MORE INEQUALITY = SLOWER GROWTH = EVEN MORE INEQUALITY.

SEE THE PATTERN.

 

[blackrock13]

Sec Gen OECD

INEQUALITY = SLOW GROWTH = MORE INEQUALITY = SLOWER GROWTH = EVEN MORE INEQUALITY.

SEE THE PATTERN.

Yup, black tire tread down your back.

 

[Lovehobby]

Yup, black tire tread down your back.

Deep. Let me write that down.