A person with a 30-year home loan will borrow short-term money to buy a car, otherwise the borrower may not be able to pay back the 30-year loan.
Farmers in the spring borrow short-term money to enable them to grow their crop. They repay the loan in the fall after the harvest.
Shouldn’t our government borrow now to build roads and broadband infrastructure and create jobs, and repay when the economy is strong again?
Powers McGuire
Augusta
Send questions/comments to the editors.
Related Stories
Latest Articles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.