Yes! This is common sense. To do otherwise, is like hoarding water to make a drought worse. To keep everyone all bottled up, competing for scarcer and scarcer jobs doesn't make us productive, and certainly kills the domestic consumer market.
As long as government dept doesn't outstrip the productive potential of the country, which we are not even close to doing, spend as much Federal money as we have to. From a consumer and business perspective, the country is awash in debt already. Those that advocate turning off the dollar spigot, are the same as those who ran up the debt. Sort a national neurosis at this point. --- In [email protected], "raunchydog" wrote: > > Paul Krugman's End This Depression Now! Originally published electronically > and in hardcover last spring, now released in paperback on January 28. > > "As a leading economist, New York Times columnist, distinguished Princeton > professor, and 2008 Nobel laureate, Krugman's solution to the nation's > expanding deficit is stunningly simple: Spend more, at least for now. That's > right while politicians are warning of excessive government spending, > Krugman says that federal spending is what got us out of the Great > Depression, and can quickly return us to prosperity today. 'Now is the time > for the government to spend more, not less, until the private sector is ready > to carry the economy forward againyet job-destroying austerity policies have > instead become the rule,' he says. Krugman's enduring Keynesian outlook and > his hopeful, progressive approach to growth are an essential contribution to > a national discourse dominated by deficit hawks." > > http://www.nationalmemo.com/weekend-reade-paul-krugmans-end-this-depression-now/ > > --- In [email protected], "Buck" wrote: > > > > I drove to a funeral up in Monona, Ia. a couple days ago and saw something > > really disturbing along the way. Strawberry Point is a nice little town > > with well-kept homes. Nice upright orderly well-kept NE Iowa town. Nice > > public library and schools. Going up I saw two hand-painted signs outside > > nice looking homes a few blocks away from each other. One for sale for > > $9,100. The other for sale for $8400. Yikes! Nice family homes. A > > third home with realtor's sign saying monthly payments $360. Coming back > > through town the other direction I really looked and saw the homes were > > nice but there was no retail in the business district and it didn't look > > like there were much of any businesses otherwise in town. Nearest town > > that had a working economy was more than a short commute away. There used > > to be a mental health hospital in Manchester but the State closed it. > > There is not a lot of a working economy for counties around up in that part > > of the State. If those houses sell for those prices that means that > > everyone else's nice homes in that town of Strawberry Point are worth only > > that. Jeeesus! Iowa needs jobs out in the country to save itself. It's > > a cautionary tale. > > > > http://www.npr.org/blogs/thetwo-way/2013/01/30/170639279/economy-shrank-at-0-1-percent-annual-rate-in-fourth-quarter > > >
