Whatever the government does takes more money out of the economy than it infuses back into the economy. That is true even in cases like TARP and the stimulus package that borrowed the money to infuse into the economy. That money still slows the economy with the increased debt hanging like rotting meat over the nation and produces intolerable interest payments not to Americans but mostly to nations that don't have our best interests at heart. And the impending threat of higher taxes and other measures to deal with the staggering deficits and debt is a further drag on the economy.
That is why Social Security that pays out more than it takes in is unsustainable. Like ALL entitlements, it usually takes years, often decades, before the worst of negative consequences kick in, but those consequences will always kick in. Money generated, circulated, invested, and saved in the private sector is a positive for the economy. Government programs rarely are.
That is why Social Security that pays out more than it takes in is unsustainable. Like ALL entitlements, it usually takes years, often decades, before the worst of negative consequences kick in, but those consequences will always kick in. Money generated, circulated, invested, and saved in the private sector is a positive for the economy. Government programs rarely are.