[varmintman]

Nobody with brains or talent is advocating stupid spending anywhere. Nontheless people should be aware that there is more than one point of view on the effect of government spending or lack thereof on economies.

[expat2]

Your cited article is full of holes. To claim that govt spending has a multiplier of 1.5 at this point in time is ridiculous. Th multiplier for all spending is less than 1.0 these days, and the government-spending multiplier is certainly lower than the average, because much of private spending is productive, whereas govt. is in no way productive.

Keynes wanted govt. spending to invigorate the private sector of the economy, not keep govt. bureaucrats in obstructive, rather than productive, jobs.

[cap10mike]

Even John Maynard Keynes said “government stimulus spending” had very limited application.

[Vanders9]

I don’t understand that article at all. It sounds like total double-speak. Even if you accept that deficit spending in itself was not the cause of the current crisis, it can hardly be a good thing to have in the long term.