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Politics : View from the Center and Left

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To: Mary Cluney who wrote (172149)	9/16/2011 6:55:56 PM
From: Steve Lokness	Read Replies (1) of 542193

<<<<<We are not China and that is why our stimulus money can ot be spent efficiently and effectively. A certain amount has to be wasted building highways and bridges to nowhere. We can't get around that.>>>>> Goodness. I'm obviously having a hard time getting my point across; I'll try once more. The money spent on bridges is NOT wasted - that money stays here in America is stimulative ( Keynesian) and positive. The money spent on wars is stimulative (Keynesian) but not so positive for the reasons you give, but the money does stay here for the most part. Some of the stimulus money like the tax cuts for the middle class and cash for clunkers - much of that money ends up in China. (Keynesian - yes) BUT, BUT, BUT not stimulative here in America. If the government borrows money and gives you a tax cut and go out and buy a new television with that money it is NOT stimulative to our economy even though it is Keynesian type spending. Why not; if it leaves America it doesn't turn over in the economy - doesn't stimulate. It is debt, it is Keynesian in nature (since the goverment is using deficit spending) but it is not stimulative.

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