Greenspan yesterday: "If it takes raising the deficit to produce jobs, do it!"
Even though I agree with that prescription, this is a pretty bad appeal to authority. It's also an authority who has admitted to being one of the primary causes of the housing bubble that burst (by leaving interest rates too low for too long).
I might be tempted to support that if the proposal might produce jobs, but it just a smaller version of the Failed Stimulus and will result only additional corruption, additional postponment of union jobs cut due to poor management and additional waste of money that is needed elsewhere.
Where was the rpoposal to reduce government spending because they are the only entity in the world that is growing and that is only because the are doing less with more.