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To: blam

No, spending increases are pushing us bak to a Depression.


2 posted on 01/30/2013 10:12:31 AM PST by TBP (Obama lies, Granny dies.)
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To: TBP

Combination of both.

Defense spending falls into the “trickle down” economics category. The govt. actually gets something in return for what it spends, same as you buying a car, and both create jobs and the wealth flows down to the people making what the military needs.

Entitlement spending on the other hand is “trickle up” economics.

If the govt is willing to pay $500 to rent an apt. for a welfare bum when the apt is only worth $400, people that work and pay for their own apt will then have to pay $500 for a $400 apt. That’s $100 bucks that could be spent on something else that would create jobs.

Raise the taxes on the RICH guy that owns the apt building to pay for more govt handouts, and the price of rent goes up.

The higher you raise taxes on the rich to provide goods and services for the poor the rich will get richer and the poor will get poorer.


30 posted on 01/30/2013 11:40:19 AM PST by IMR 4350
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