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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 (58260)	1/29/2009 4:23:23 PM
From: DizzyG	2 Recommendations Respond to of 224759

More hypocrisy from you, Kenneth... Bottom line is this pork laden bill is adding a trillion dollars to the national debt. And you are defending it simply because there is a Democrat in the White House. I suggest the you do a little more reading, Kenneth: Mountains of academic studies show how government expansions reduce economic growth:[4] 1. Public Finance Review reported that "higher total government expenditure, no matter how financed, is associated with a lower growth rate of real per capita gross state product."[5] 2. The Quarterly Journal of Economics reported that "the ratio of real government consumption expenditure to real GDP had a negative association with growth and investment," and "growth is inversely related to the share of government consumption in GDP, but insignificantly related to the share of public investment."[6] 3. A Journal of Macroeconomics study discovered that "the coefficient of the additive terms of the government-size variable indicates that a 1% increase in government size decreases the rate of economic growth by 0.143%."[7] 4. Public Choice reported that "a one percent increase in government spending as a percent of GDP (from, say, 30 to 31%) would raise the unemployment rate by approximately .36 of one percent (from, say, 8 to 8.36 percent)."[8] heritage.org Diz-

To: Kenneth E. Phillipps who wrote (58260)	1/29/2009 4:32:42 PM
From: DizzyG	2 Recommendations Respond to of 224759

Some more reading for you, Kenneth... According to Congressional Budget Office estimates, a mere $26 billion of the House stimulus bill's $355 billion in new spending would actually be spent in the current fiscal year, and just $110 billion would be spent by the end of 2010. This is highly embarrassing given that Congress's justification for passing this bill so urgently is to help the economy right now, if not sooner. online.wsj.com That's some stimulus bill, Kenneth. LOL! Diz-