To: 1rudeboy
This logic for this approach rests on the theory that our economy is crappy because our government is spending more than it takes in and that the resulting deficit is creating "uncertainty."That's false.
The economy is "crappy" because the government takes too much out of the private sector. The entire budget of the United States could be borrowed -- all deficit spending. But if the level of spending was low enough, business could still expand.
The deficit is almost beside the point. It's the level of spending.
18 posted on
03/10/2013 7:14:27 AM PDT by
BfloGuy
(The final outcome of the credit expansion is general impoverishment. -Ludwig von Mises)
To: BfloGuy
The only “uncertainty” I see is about new environmental regulations, the costs of Obamacare, the rise in the minimum wage, and I’m sure, a trillion other things.
26 posted on
03/10/2013 7:19:01 AM PDT by
wolfpat
(Not to know what has been transacted in former times is to be always a child. -- Cicero)
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