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......There’s no way someone can spend so much money so recklessly without some plan behind it. .....

It depends to a certain extent on what the money is spent for. The government does not amortize. The money spent on bricks and mortar or capital expenditures are in the budget the same as current expense like gas for vehicles or salaries. They are treated as current expense even though the actual expenditure might be disbursed over several years. The benefits accrue over very long period.

If the useful life of a water project is 75 years, then the debt is all not that bad. It is ok to pay it down over time. If the money is spent on salaries for assistant administrator for government funding at high school, it is gone.

If the expenditure for capital projects favorably impacts the future GDP then debt can be positive. The question then becomes is the shovel ready project in the plan able to positively boost GDP? A bike trail might not where as a widened road will.

The plan certainly involves current expenditure to provide employment now while creating assets that will provide returns down the road.

Having said that, I doesn’t mean it will all work out. It is just a plan.

You see any bridges going up in your neighborhood?
It’s all a scam my FRiend. The purpose of all the spending is to create a permanent underclass that will always support it, no matter the cost to the producers.

And there you have the formula to end the Republic and that little problem of the Constitution that Obama finds so flawed.

>>> There’s no way someone can spend so much money so recklessly without some plan behind it.

His true agenda is in his next two sentences from the interview:

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

Bullsh!t. Aetna, Blue Cross and Tricare isn't making banks fail. THIS is, though:

Big Government got us in this mess -- Bigger Government sure as hell isn't going to get us out of it!

Instead of massive public works projects, Obama is creating totally useless jobs for "progam coordinators," "grantwriters," and " "Marketing Specialists to increase 'public awareness of ARRA-funded services.'"

Read Mark Steyn's column today -- it is absolutely priceless. Statism the only thing being stimulated