People get use to the subsidies and the bailouts and so do the politicians since they have to take care of their constituents. Now there should be gradual pain instead of having an abrupt one, since it will cause more devastation. We need to start weaning off people from the whole notion of stimulus packages and benefits, since it will addictive. But like somebody said, what if they issue debt and nobody came to buy it. Whatever the benefits and stimulus that we are giving is not paid for and it is being funded by mostly by outside investors who just care about their return on investment. If we are so fond of benefits, we should start generating funds from within the country (which we are not doing right now).
So as I said before, next time this kind of extraordinary comes, we will have less ammunition in our arsenal to deal with it, since we have exhausted most of it during this recession. The sooner we start building up (meaning reducing our debt and increasing our revenue), the sooner we will be ready for the next crisis (which surely will come, no matter what the economists say otherwise).
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