IF KEYNESIAN "STIMULUS SPENDING" - (AKA DEFICIT SPENDING) - WAS TRULY STIMULATING, THEN WE'D BE SITTING PRETTY, INSTEAD OF SITTING ON THE PRECIPICE OF A GLOBAL DEPRESSION.
AFTER ALL, SINCE OBAMA'S INAUGURATION WE'VE SPENT $5 TRILLION WE DIDN'T HAVE, AND WHERE HAS IT GOTTEN US?
ANOTHER DAY OLDER AND DEEPER IN DEBT.
AND NOT JUST US - THE ENTIRE WORLD SPENT MONEY IT DIDN'T HAVE.
A LOT OF IT ON A GLOBAL REAL ESTATE BINGE THAT BECAME A BUBBLE THAT CRASHED LIKE ALL BUBBLES DO.
A LOT OF IT ON OVER-PRICED OPEC OIL.
A LOT OF IT ON TONS AND TONS AND TONS OF UNDER-PRICED CHINESE GOODS.
AND A LOT ON WASTEFUL, INEFFICIENT, CORRUPT SOCIAL PROGRAMS.
WHERE DI IT GET US? DID 50 OR 60 OR 100 TRILLIONS OF BORROWED DOLLARS THE WORLD SPENT STIMULATE THE GLOBAL ECONOMY?
YEAH. IT STIMULATED US RIGHT INTO THE POOR HOUSE.
DEDICATED TO EXPOSING DISINFORMATION AND PROPAGANDA AND TO PROMOTING UNIVERSAL HUMAN RIGHTS - WITH SHARP ANALYSIS AND BLUNT COMMENTARY. NO ADS. NO TIP-JAR. JUST THE TRUTH.
1 comment:
I'm linking to this post as well on Monday.
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