Government wasteful spending is more than a waste of money. Excess spending that produces budgetary debt causes even deeper recessions than we would normally have.
I have repeatedly reported that stimulus funds have actually been a political slush fund, doled out to “friendly” recipients. Independent study has shown actual overall job losses while the “stimulus” was applied to mainly help certain states balance their bloated budgets.
Remember the Soviet Union with its periodic Five Year Plan stimulus efforts and their notable lack of success. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
No comments:
Post a Comment