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Politics : President Barack Obama
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To: RetiredNow who wrote (125934)10/31/2012 10:35:58 PM
From: tejek  Read Replies (1) of 149317
 
As a follow-up on yesterday’s report on GDP from Consumer Metrics Institute, this came out today from the Mercatus Center, by Veronique de Rugy. I am sure all this “good” news was merely a coincidence. While government spending does count as “spending” it is not the same kind of spending that businesses and consumers do. Government creates nothing really. While roads and bridges and other infrastructure can be good for the economy, my sense is that this current spending isn’t that. According to CMI 30% of government spending was defense related. The rest, mostly transfer payments (welfare, social services, and other entitlements), comes from money we private citizens would have spent on productive things or from funds borrowed which will never be repaid but the interest payments will become a bigger drag on the economy and our descendants. According to de Rugy:

Did you read this guy's conclusion..........its all ideology. Govt spends but its not that good. What BS. If gov't is hiring more teachers, why isn't that as good as a private company hiring more technicians? If people receive SS......money they funded when they worked.......... and spend it on food or clothes......why is that not as good as someone working for a private company and spending their salary on food and clothes. When did you Romneys get to be so much better than everyone else?

You all need a serious attitude adjustment. No one died and made you all gods.
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