Sallow
The Big Bad Wolf.
TRUE Keyensian economics states that during bad times, govt spending increases to make up for private sector failures while it decreases during good times allowing for a surplus to be built up allowing the private sector to grow back. If this actually was applied, it'd be better than what's been happening currently which is expanding government in BOTH good and bad times and protecting government at all cost in all times and increasing govt spending at varying rates.Because that's their kneejerk response to cutting social spending.
And because defence spending is also descretionary spending thus subject to cuts.
Coincidently, I just posted a couple videos of an economist who believes that stimulating the economy by building up military spending is the BEST kind of stimulus spending for the economy.
RICHARD KOO.
You right wingers who love the military but hate Keynesian spending ought to take the time to listen to him.
You might discover that you have been supporting Keynesian economic policies all along and didn't relly know it!.
I think the Keynesian Model recomends that the government spend in slow economic times and create a surplus during good economic times. Our government, under both parties, has only created the debt part of the equation.
If the Keynesian Model is compared to breathing, we have been exhaling only and nver inhaling.
Our country has NEVER followed Keynesian economics. All we do is spend too much. That is not Keynseian.
The key issue is that progressives have corrupted even this lousy model of economics with a proven track record of failure, and made it worse. And why is it a failed model? Because it demands a behavior impossible to politicians and bureaucrats who want permanent security of employment, not temporary jobs like they should have.
Actually..for the most part, you are right about this. Politicians generally refuse to raise taxes and tamp down spending during times to economic plenty..in order to keep their jobs.
Which is why the Keynesian model doesn't work as well as it should.