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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (307242)10/23/2006 8:58:04 PM
From: TimF  Read Replies (1) of 1573485
 
You mean the salaries that gov't pays its employees who, in turn, buy goods and services don't benefit the economy? You mean the salt for icy roads that gov'ts buy in the winter or the trucks they buy to clear the roads don't benefit the economy???

I didn't make any such categorical statement. I said "some government spending is beneficial, some is useless, and some is counterproductive. If you think about it I think you would even agree with this, although you would probably consider only a small portion to be useless or counterproductive.

The fact that the government employees have money to spend is a benefit to the economy, but that money isn't a free addition to the economy. It comes from taxes and borrowing. Also some government employees perform acts that hurt the economy, even when you don't consider the drain from the taxes or borrowing to pay their salaries. A government official imposing price controls, or import barriers, if he is effective at his job, causes a lot more harm to the economy than just his salary.
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