Posted By: David Sacks @ 11/17/2008 1:38:13 PM
Comment: Borrowing is out of control. I agree, but your solution is to build more Bridges to Nowhere? The government is so beholden to special interests that it can no longer differentiate between "investment" and "consumption". Investment should be done by people who expect and can calculate a return. Higher taxes will get in the way of that. Lower spending will not. We need to get past the myth that government "stimulus" (e.g. paying people to dig holes and fill them back up, or building cars we don't need) actually helps the economy, instead of squandering resources that can be used productively elsewhere.