Why Government Spending Does Nothing for Jobs

[candycorn]

We are closing in on $17 trillion in debt.
So we should print more money and borrow more money
so we can spend more money.....

Hmmmmmm...

Oh yeah, just let the GOP spend more on a couple of more useless wars, and create another attempt at the Second Great Republican Depression.

Spending on infrastructure is investment. The same as spending on education.

Our spending on education is an investment that isn't paying off. Time to defund it.

You're saying that we shouldn't spend any tax dollars on education on any level?

 

[rightwinger]

Millions of Americans are employed in the Defense Industry both public and private

Hate to see the effect on the economy if that spending ended

 

[NYcarbineer]

Then you must be horrified over ObamaCare.

So you're saying that the horror of Obamacare is your belief that it bears a striking resemblance to what a school voucher program would look like?

lol, oops.

No. A school voucher system doesn't mean we have to have School Choice Exchanges.

That's not even a good deflection. jeezus

 

[Shoey]

Consumer spending is the correct procedure to stimulate the U.S. economy but the personal financial situation for Americans today is much different than in the past decades. In the 1950's individual debt was around 55% of annual income but it was at about 134% of annual income in 2008. The shock of the recession has finally reached the people although economists had been warning for years that Americans were too deep in debt. Until the average American's debt is significantly reduced, we won't see consumer spending that will pull the economy out of the recession anytime soon. Ostensibly, a portion of our society are paying down their personal debt today (credit cards), so a economic recovery is on the horizon. Creating more US government debt for the American People through deficit spending works contrary for economic recovery because it is debt, both public and private, that is responsible for the recession to begin with. Major cuts in expenditures and entitlement spending must be enacted promptly, and only then, should Congress consider addressing tax increases. The economic growth America profited in fiscal years 2010 and 2011 wasn't in anyway effected by the 2+ trillion dollars of government spending, trillion dollar deficits, tax cuts and tax revenue. The U.S economy began to indicate signs of marginal growth in the last quarter of fiscal year 2011, Real GDP growth roughly 2.6% (3.0% revised)