There’s no evidence to support that contention. The failures of Obama’s various stimulus pans demonstrated that perfectly. Instead of fueling a recovery most of it ended up in the pockets of corporations and the ultra rich and the deficit exploded.
We then ended up with the worst recovery in economic history and nearly a decade without any growth in wages for those who were working.
Nothing makes the deficit I propose any different than any other deficit. The one difference is that such a plan actually has a chance of paying for itself and benefiting the forgotten man unlike other schemes.
History and the facts demonstrate otherwise and sooner or later we’ve got to find some way to eliminate our deficit and start paying the debt down or the rest of the world is going to move away from the USD as the default currency for international trading.
And repeating it won’t make it true. You never have and never will be able to demonstrate that sooner or later the debt is not going to cause the USD to lose it’s standing int he world.
The only thing propping up the USD at all is the stability of the US gov’t and the faith foreign gov’ts have in it.
I don’t assume anything. There will be some who over spend. Money loses it’s value when you don’t do anything to earn it. There is a certain sector who have done absolutely nothing to prepare themselves for life. Dropped out of school, made no attempt to learn a trade, got involved with drugs and have spent time in jail. Now they are suddenly suppose to become responsible? Why would you assume that nobody would blow their free money?
Counting on drug dealers to grow the economy though is borderline insanity.
I don’t assume anything. There will be some who over spend. Money loses it’s value when you don’t do anything to earn it. There is a certain sector who have done absolutely nothing to prepare themselves for life. Dropped out of school, made no attempt to learn a trade, got involved with drugs and have spent time in jail. Now they are suddenly suppose to become responsible? Why would you assume that nobody would blow their free money?