[coaltrain]

Long, but good read.

[Bean Counter]

[Graybeard58]

House economists predicted that the stimulus bill would create (not merely save) 3.3 million net jobs by 2010. Since then, 3.5 million more net jobs have been lost,

My math tells me they were off by 6.8 million jobs.

[omega4179]

Must read article. And sad, because Washington will do the opposite.

[Lonesome in Massachussets]

Congress does not have a vault of money waiting to be distributed.

Even it they did (and they could create such a vault by turning on the printing presses) injecting fiat (or any other kind of money) into the economy would be inflationary and would crowd out other uses of resources. Essentially, inflation is a tax on anyone dumb enough to hold dollar demoninated obligations, like government bonds. That's how Lyndon Johnson tried to pay for the Vietnam War. How did that work out for you?

[CodeToad]

We have 80 million families in the US with 34 million collecting food stamps. We DO HAVE soup lines, they are just electronic payments instead of actual lines in the street.

Several years ago we had 154 million taxpaying income earners. Today, we have 109 million tax paying income earners. 45 million people are no longer working. Unemployed, stop seeking employment, stopped working by decision, call it whatever you want but 45 million less people are working today. That is 29% of the previous workers no longer working.

[conservatism_IS_compassion]

Long, but good read.

Bookmarked.

[uncbob]

Depends on the kind of spending

WWII spending sure did

[mulligan]

Government is a parasite and a destroyer. It steals money from working people, the taxpayers, and shuffles it in such a way as to line the pockets of it’s friends, or in simple terms, other parasites and destroyers.