Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RetiredNow who wrote (529816)	11/17/2009 6:11:30 PM
From: TimF	1 Recommendation Read Replies (1) of 1574098

You are very wrong. Bush spent even more on stimulus than Obama did. Bush did it through two tax cuts that make Obama's stimulus look like small change. Bush spent what in government terms can reasonably be rounded to $0 on the tax cuts. Only the actual effort to craft and implment, and communicate the new rates and other tax changes would be spending. The tax reduction is not spending. For example, stimulus money that is spent on renewable energy projects or loans to the renewable energy industry, or money spent on broadband penetration or schools, or money spent to fix crumbling infrastructure...all of these are not wasted dollars, because ultimately, they pay for themselves through economic efficiencies or through new growth industries. All of them could in theory "pay for themselves". In reality they often don't. Also to really pay for themselves, they would not only have to return the same amount of money, but return more to cover the dead weight loss of government spending/taxation, and the time value of money. The stimulus bill that Obama and the Dems passed through was 80% investment and 20% waste. No it wasn't.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next