Tuesday, November 20, 2012

To Infinity And Even Farther Beyond!

Our favorite little fascist intellectual, Robert Reich has penned lovely piece on why we should stop worrying about the deficit and simply spend our way to propserity. Here's a few tidbits.
Europe offers the same lesson in reverse: Their deficits are ballooning because their austerity policies have caused their economies to sink.

The best way to generate jobs and growth is for the government to spend more, not less. And for taxes to stay low -- or become even lower -- on the middle class.
And where should we spend it? I don't want to keep seeing the same hands, class!
In fact, if there was ever a time for America to borrow more in order to put our people back to work repairing our crumbling infrastructure and rebuilding our schools, it's now.
Here's the best part of all.
Public investments that spur future job-growth and productivity shouldn't even be included in measures of government spending to begin with. They're justifiable as long as the return on those investments -- a more educated and productive workforce, and a more efficient infrastructure, both generating more and better goods and services with fewer scarce resources -- is higher than the cost of those investments.
Fantastic! We should spend whatever we want with no concern about where the money comes from and for Holy Infrastructure, we shouldn't even count it among the money spent!

Patria Socialista!

Meanwhile, in totally and I mean TOTALLY unrelated news, France's credit rating has been cut.

2 comments:

drozz said...

if public schools were capable of producing a marginal product on a national basis, he might be right.

Houston (aka) Tots said...

I'm sorry, is your infrastructure crumbling?

My roads and bridges seem pretty dang good to me. The schools my kids go to are at least as good as the ones I went to.

What exactly are we "Fixing"?