Posted by Steven Hayward
Bruce Bartlett offers a highly useful primer on the range of opinions about government stimulus-by-spending.
Something just doesn't add up about spending one's way to prosperity.
Imagine a father being informed that he will be getting a pay cut. He breaks the news to his family in this way:
Beginning next week, we will have less money coming in. To remedy this situation I propose that we 1) buy a new car, 2) buy a boat, 3, put a two-story addition on our house, 4) buy a large flat-screen TV, 5) each buy ourselves a new wardrobe, and 6) go on an extended cruise around the world.
When the bills come due, I propose we seek a bail out from an organization currently in debt for nearly $10 trillion.
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