[Member Post]

 

  Going into debt to create long-term investments makes as much sense for the government as for a private individual’s borrowing more than his annual income to buy a house. By the same token, people who borrow more than their annual income to pay for lavish entertainment this year are simply living beyond their means […]

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The post Quote of the Day–On the sensibility of Government Borrowing was written by Ricochet member Mark Camp and recommended by members to be considered by an editor for promotion to the Main Feed. Become a member to get your posts published on the home page as well.

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