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

To: Hope Praytochange who wrote (111983)	9/5/2011 6:29:08 PM
From: TimF	1 Recommendation Respond to of 224729

If Stimulus Spending Is The Problem, Why The Mess? September 14, 2010 By admin If we need deficit spending as “stimulus” and it’s the solution to our economic woes, why do we even have a problem to begin with? Consider … [I love that during the Great Depression even bums had class, note the peak lapels on that coat!] I would bet that over the last 50 years, we’ve probably had deficit spending at the federal level for maybe 47 of them? And look at the last 9 years in particular, we must have spent literally billions of dollars we don’t have on two wars alone. So using the logic that we need stimulus spending to right the economy, how could we even be having a problem? Two good pieces below from Drs. Roberts and Higgs. Does spending create prosperity?: “Does spending create prosperity? It’s a weird idea when you think about it. Spending is consumption. Consumption uses stuff up. How could it create prosperity? If anything, the causation is reversed–it is prosperity that creates spending. The Keynesian logic, though, is pretty appealing. In times when there is high unemployment, spending should create demand. Any kind of spending. So if consumers don’t want to spend, then government can stimulate the economy.” More Government ‘Stimulus’ Will Ensure Protracted Economic Stagnation – Big Government: “At first glance, this journalistic commonplace appears to make sense. Anyone can understand that, say, a store at the mall will not hire additional employees unless its sales increase enough to justify the additional expense.” pretenseofknowledge.com