Economy

fredcadena: Hey El Paso peeps, at Republic for a bit
... Come join me.

See original: Hey El Paso peeps, at Republic for a bit ... Come join me.

I appreciate Ewan’s response to my last post on how recessions are like fires that must be put out. But his post has left me confused, and—I’m sorry to say—more convinced that ideological opponents to fiscal stimulus are economic nihilists. Maybe ‘nihilists’ is too strong a word. Let’s go with fatalists.
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In an era of $2 trillion dollar federal budget deficits, another $10 billion deficit might not seem like that big of a deal. It’s practically a rounding error.
 
But the fact that $10 billion is the amount Social Security is in the red is a big deal.
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