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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (58209)	1/29/2009 12:48:54 PM
From: JakeStraw	3 Recommendations Read Replies (1) \| Respond to of 224757

Kenneth, My grasp of economics is way above yours; that has been proven countless times here in SI. I think your bias towards the current stimulus package rests squarely on you being highly partisan and not on your knowledge on economics.

To: Kenneth E. Phillipps who wrote (58209)	1/29/2009 3:27:03 PM
From: DizzyG	4 Recommendations Read Replies (2) \| Respond to of 224757

Wrong again, Kenneth... Spending-stimulus advocates claim that government can "inject" new money into the economy, increasing demand and therefore production. This raises the obvious question: Where does the government acquire the money it pumps into the economy? Congress does not have a vault of money waiting to be distributed: Therefore, every dollar Congress "injects" into the economy must first be taxed or borrowed out of the economy. No new spending power is created. It is merely redistributed from one group of people to another. heritage.org