Posted on 06/15/2009 11:25:40 PM PDT by Lorianne
since you don’t seem to actually read-i am saying,pay attention now,that govt spending is NOT stimulative. N O T.
The bottom line is that real people will be hurt by the excess spending that California has wrought to date. The only way out of their hole is to stop digging/spending. There will be pain. But more government spending (by the other 49 states) isn't the answer...as you point out.
ty kindly. one problem with california melting down financially is that there are many major states(economically) not too far behind with the same issues that brought down the auto makers. I think thats the reason cal. was told no. it has the potential to get extremely ugly.
Here's your post:
spending is stimulus. say you close a day care center. free day care,ok? employees fired-they dont spend. a few fammilies might not be able to afford pay care so one might quit a job.
im not saying this is a bad thing mind you. they need to melt down and get their house in order.but yea,cuts will be a drag n the economy.(some programs you can be sure spend more than they generate. most probably,but still will slow the economy at first.)
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