@okie,
okie wrote:
How about if I progress to learn from you and the Obama experts on the economy? Apparently according to Obama's experts, spending all of those hundreds of billions saved our economy. It appears we need to keep spending like a drunken sailor in order to have any chance for economic success in the future too.
Hows that? Am I learning?
Sort of. Don't you understand how Stimulative spending works?
As an example: for my college education, I paid my way through with help from student loans. That's pretty much the only way to do it yourself now. During that time I racked up about 20k in debt.
That debt is the equivalent of stimulative spending on my part. It allowed me to further my career and life during a time in which I couldn't make enough money directly to do so. Now that things are better (I'm older, more experienced and hold a degree) I make enough to afford my life AND pay back the stimulative spending.
And that's how spending during a recession works. Our gov't revenue problems stem in large part from two places: 1, taxes are too low in general, but more importantly, 2, unemployment is so high that many people aren't working and aren't paying taxes! Stimulus spending helps our country get by during this time and lets the market recover, without forcing a drastic crash and reorganization of our entire social system.
Now, have you learned something?
Cycloptichorn