Quote Originally Posted by Crazed Rabbit View Post

Good grief. Can we finally agree on the failure of Keynesian economic 'stimulation' by government spending?

More government spending to "create jobs" is a waste that just piles more debt on our children.
Depends on what is being created by the government. For the most part all this money being borrowed is being spent in indirect ways to create jobs. Giving more money to those unemployed is them "creating jobs" because more money to unemployed will spur demand which will spur more production which will open more jobs. However, that isn't exactly how it works because people don't spend like they should.

Now if they had actually used all this debt to restore the nation's highway system, bridges and did an overhaul for a new electrical grid capable of handling and directing intermittent sources of renewable energy in a smart manner, we would be in a better position because we would have created something that actually has value and would actually be generating revenue for many decades.