canceled.2021.1
#AMERICAISDEAD
And you have the balls to chastize me for creating strawmen. Yikes.
I think it's really weird that you think it'd be a good thing for the government to create another recession right now. Like I said, you want to turn us into Greece to prevent us from turning into Greece. I don't see the wisdom in that.
Also, the presumption that inducing a recession would actually cut government debt and deficits isn't very well supported at all. Maybe you can find a recession where government debt was lower coming out of it than going into it, but I doubt it.
Finally, I see the cash sitting on the sideline. But it's not sitting there because of government debt. It sitting there because the prospects for growth aren't htat good because we continue to have a significant output gap and millions of people are underemployed and unemployed, which can be alleviated with increased government spending.
Because it's stupid. The government is not an individual.
FARGLE and BARGLE.
While I can't speak for the motivations of every business holding onto cash (and neither can you) I think it is silly to think that government debt has no bearing. The government can get money from only one place and that is taxes. There is no other source. I am sure there are many businesses holding into cash waiting for their expenses to increase at te hands of the gubmint.