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Politics : Formerly About Advanced Micro Devices

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FJB
To: combjelly who wrote (751971)11/9/2013 8:24:41 PM
From: mel2211 Recommendation  Read Replies (3) of 1576667
 
I have maintained that the $6T increase in US Federal debt since Obama has been elected is stimulus to the economy... relative to a balanced budget baseline.

The $790B is just a part of the $6T overall stimulus.

>> How are you measuring efficiency?

I am not measuring efficiency. I am stating my opinion that spending money to dig holes and then spending money to fill those very same holes is not efficient at all... It is 100% waste.

But Keynesians strongly believe a wealthy nation can be built with such an economic program.
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