more on why public expenditur is good!

One of the more stupid arguments gong around, like many common arguments it sounds good but but with a moments thought is obviously rubbish, is that it is wrong becuase our children will be paying for it and that is wrong,

Why is it wrong, simply because that will still be getting the benefit. As I commented in my eralier note, we still enjoy the parks built 80 years ago so even the great-grandchildren are getting benefit from that public expenditure.

So if we spend money on a cross-rail link now, hopefully people will still benefit from it in 100 years time. So if they are still benefiting from it does it matter. In times of crisis we spend to preserve the future and often the future ends up paying but that seems fair.