Quote:
Originally Posted by Tyrone Slothrop
I think you are saying that government spending is ipso facto too high if the government runs a deficit during a severe recession. But governments can borrow, so that's not usually a problem. Spain's problem is that the markets have now figured out that it can't print money to pay off its debts, and so should be treated like basket-case economies rather than a sovereign, industrialized country. If Spain were not in the Eurozone and had its own currency, it would have no trouble borrowing.
In any event, it is certainly not the case that Spain's economic troubles were caused by excessive government spending. It was the housing bubble.
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yeah, well you fucks just put a new tax on all americans as of yesterday, so get ready for some more cuts to the Government.
