tag:blogger.com,1999:blog-27549167.post6430303845812652676..comments2023-09-25T06:48:48.316-06:00Comments on Magic Valley Mormon: What Economists Don't Really Agree OnCameronhttp://www.blogger.com/profile/06016275707476655364noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27549167.post-59748693631649951252009-02-24T16:04:00.000-07:002009-02-24T16:04:00.000-07:00Spending on defense - WWII - is largely credited w...Spending on defense - WWII - is largely credited with ending the Great Depression.<BR/><BR/>Families paying down debt increases the amount of discretionary spending that family now has each paycheck.<BR/><BR/>And banks not having money is kinda what started this whole mess in the first place.Cameronhttps://www.blogger.com/profile/06016275707476655364noreply@blogger.comtag:blogger.com,1999:blog-27549167.post-20760490057495703212009-02-24T13:27:00.000-07:002009-02-24T13:27:00.000-07:00Spending is not necessarily a good stimulus and ne...Spending is not necessarily a good stimulus and neither are tax cuts. The efficacy of either depends on the details.<BR/><BR/>For example, if we give every family an $800 income tax cut, that will probably be used by most families to pay down debt. That money goes right to the bankers. Similarly giving businesses a tax cut on the theory that they will use that money to create jobs in the US is wishful thinking. Some may, but without strict controls (which Congress never seems to impose), they can do whatever they want with the money.<BR/><BR/>Spending on "defense" is not stimulative either. When Congress showers billions on weapons manufacturers to produce systems we don't need, that is not likely to be much of a stimulus either. The money would be better spent on alternative energy or transportation infrastructure where we get not only the boost of new jobs but an end result that strengthens the economy.Charles Dhttps://www.blogger.com/profile/02975241234146573609noreply@blogger.comtag:blogger.com,1999:blog-27549167.post-73927707244341577072009-02-20T14:29:00.000-07:002009-02-20T14:29:00.000-07:00Unfortunately you seem to be absolutely correct - ...Unfortunately you seem to be absolutely correct - it doesn't seem to matter which party is in control, they both spend like mad.<BR/><BR/>I think it stems from the idea that increased government spending = increased boost to the economy.<BR/><BR/>But that's exactly the argument used 8 years ago, so I guess I don't understand all those people clamoring for more spending today in order to fix what happened over the last 8 years.Cameronhttps://www.blogger.com/profile/06016275707476655364noreply@blogger.comtag:blogger.com,1999:blog-27549167.post-89883721157034429612009-02-19T17:04:00.000-07:002009-02-19T17:04:00.000-07:00One of the things that has disappointed me so much...One of the things that has disappointed me so much about the abhorrent spending binge of the the past few weeks is that I am absolutely certain that if we had a GOP president and congress right now, they'd be doing something substantially similar. The only difference is that the big payoffs would go to GOP cronies instead of Democratic cronies.<BR/><BR/>If we had ended up with McCain as president and a Democratic congress, there might have been a little less spending due to spats, and some of the money would have gone to GOP cronies. But the sum of the matter would be pretty much the same.<BR/><BR/>It really doesn't seem to matter which party is in charge. They're all going to spend like drunken sailors.<BR/><BR/>Unfortunately, most Americans are like our politicians. There is a total disconnect between government spending and paying for it. Otherwise, we'd be having something akin to Boston Tea Party events around the country.Scott Hinrichshttps://www.blogger.com/profile/11831447472339880148noreply@blogger.com