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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (748443)	10/21/2013 8:46:45 PM
From: SilentZ	Read Replies (5) of 1573373

>In the case of the ObamaCare web sites, let's say it should have taken $200M to develop, test, and deploy with few to no bugs, but in actuality it took $1.2B. It was supposed to cost $90 mil and cost a bit upwards of $200 mil. >Keynesians will claim that the difference of $1B represents a "stimulative" effect on the GDP because it circulates money that would have otherwise not been spent. But what did that extra $1B buy us? Nothing. And did that extra $1B just magically appear out of thin air? Of course not. Actually, I'd never say that. At least for America. We paid a Canadian company to do that. I'd be much less into Keynesian-style spending if we didn't actually have needs -- but we do have plenty of infrastructure needs, and a lot of people to help. Yes, Keynes did say that it can be stimulative to pay one guy to dig a hole, and then another one to fill it. But that's pure theory. I haven't seen anyone advocate paying for busy work. -Z

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