The Deficit and the Growth Imperative

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Well, Pat (above) , I happen to know that government spending creates jobs for education (teachers), protection (fire, police and military), health care (nurses and hospitals), transportation (roads), research (grants to universities), public health (water and sewers) and hundreds of similar matters.
People left with too much after-tax money buy i-pods, cell phones, video game consoles, clothes, gas-guzzlers, beer (lots of beer), and granite countertops. They also bid up houses to unrealistic levels as investors, and love Rvs, four-runners and make-a-big-wave boats.
And you call me a fool? You've been drinking the GOP kool aid too long.

of 11:25AM September 10, 2008

Or I'm just confusing myself! ... =(

Mike of TX 5:44PM September 09, 2008

I think you messed up in your article:
Investorwords - economic growth:
A positive change in the level of production of goods and services by a country over a certain period of time. Nominal growth is defined as economic growth including inflation, while real growth is nominal growth minus inflation. Economic growth is usually brought about by technological innovation and positive external forces.

Mike of TX 5:40PM September 09, 2008

I see the anonymous idiot is back. Jimmy P. is exactly right. Too bad the GOP doesn't pursue this economic truth. As for you, you fool, your "theory" is exactly wrong. All that money the government "spends" is first seized from a taxpayer and cannot then be spent or invested by him/her. The evidence of government malfeasance with that money is overwhelming. It's obvious that you left defense spending off your list. It's one of the proper roles of government but you ignored it. Typical liberal.

Pat of IL 3:39PM September 09, 2008

"Cutting spending" means nothing but cutting consumer income and cutting jobs and cutting the real economy. Where the heck does Jimmy think government money goes when it is paid to government workers, paid to SS recipients, paid to contractors for all those earmarks? It creates demand, you nincompoop.
Cut the spending and you cut the very growth you worship.

of 2:55PM September 09, 2008