This has never been done before. So... maybe they are correct. Maybe the government can spend untold trillions of dollars from suckers who still have money to lend and grow a private sector economy. If they are right, the United States will be a strong vibrant free market economy again real soon...
I don't believe a word of this nonsense. can anyone tell be what I am missing? Why can't I believe this will work? Is it just because I'm a stupid, knuckle dragging Republican from Fly Over Country who owns guns, prays and drives a big car while eating junk food? Maybe Mr. Bernanke can send me Freepmail and explain how this is going to work???
The money they are spending is on growing the size and cost of government, and the cost of those being paid by these programs is no different than the cost of those collecting welfare. The net result is an increased demand for tax revenues, which are falling, not growing.
Increasing the size of government and the cost that goes along with it requires a growing robust private sector business/industry to provide the increased revenues to pay for it.
This is some brazen brinksmanship. Simply brazen.