BDN Editors: Driving Taxpayers Into More Debt is Logical

NOTE: This item’s also posted for discussion in this ongoing thread here.

bangordailynews 3/6/10
editorial
A Time to Borrow

[S]aying state borrowing can’t be part of a package aimed at boosting the economy is shortsighted. [T]he state must borrow in order to invest in its infrastructure, research/development and energy efficiency to maintain and create jobs.

The mantra from Republican leaders in Augusta is “you can’t borrow your way to prosperity.”

This defies economic logic. Corporations don’t squirrel away money to buy new equipment or build new facilities. They borrow.

As do families.

http://www.bangordailynews.com/detail/138331.html