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Andrew Romanoff on Budget & Economy

 

 


Targeted investments good, but crazy to go deeper in debt

I do believe it's appropriate to make targeted investments to induce the economy back to life, especially if you are, as we are, in the midst of the worst recession since the Great Depression. I'll tell you, over the long run it's crazy for us to continue to consume an ever-larger share of our GDP on debt. I think the number's about 80 percent now. If you spend half a trillion a year servicing that debt, you're wasting resources that would be better put to some other public or private purpose.
Source: Denver Post on 2020 Colorado Senate race , May 18, 2010

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