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
Comments are no longer available on this story