tag:blogger.com,1999:blog-8487128531050281473.post8728020393441067694..comments2010-05-27T09:50:57.610+01:00Comments on Economics Essays: Balanced Budgets - Should Governments Borrow?Tejvan Pettingerhttp://www.blogger.com/profile/03405988099792035111noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8487128531050281473.post-42413130808945432082010-05-24T20:46:54.337+01:002010-05-24T20:46:54.337+01:00Governments should not be borrowing. They should o...Governments should not be borrowing. They should only spend as much as they collect from taxes. At good economic times they should not waiste the surplus created but save it to be used to boost economic activity in a downturn. Unfortunately,thousands of years after Joseph saved Egypt from famine the european governments have failed to learn this very basic lesson in economics. Joseph was wise andGEORGE GEORGELLIShttp://www.blogger.com/profile/07634501191427276920noreply@blogger.com