Your Economy (No Politics)

[skono4]

"So this John Williams guy can't comprehend that $1T/year of deficit spending might be capable of juicing the economy just a little ?

maybe he should take an economics course."

Chris
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He doesn't claim the deficit spending couldn't stimulate positive REAL GDP numbers. His objection is to the measures of inflation. What's amazing regardless of where your interpretation of offical CPI and how that plays out on the deflators used to calculate real GDP growth is how LITTLE juice we're getting for all the taxing and spending.

I don't think there was ever a government program that wasn't supposed to "pay for itself" for some fairly convincing justifications. They STILL have the nerve to trot that line out for every new spending concept. So after all the trillions we've "invested" to juice the economy I say those dividends should be fully enough to fund the War Machine, Great Society AND the Bush Tax Cuts all at the same time.

Where's my return on investment?