It’s getting very tired listening to the deficit scolds going on and on about how we have to reduce the deficit right now, or the world will view the U.S. as an unsafe investment.
This has been the continuing refrain for years, yet the Treasury borrowing rates continue at record lows, and people around the whole world can’t wait to get their money over here (while billionaires can’t wait to get their money out of here).
It is painfully obvious that our infrastructure is in dire need of repair and upgrading, we have far too much unemployment, and borrowing costs are about as low as can be hoped for. Not taking advantage of this perfect opportunity is akin to a family not repairing the leaking roof because they have not paid off the mortgage.
Calvin Jutila
VANCOUVER
