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View Diary: Boehner just shot himself in the foot (170 comments)

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  •  Actually (0+ / 0-)

    if revenue from tax increases is spent, it really doesn't matter what it is spent on, any spending will stimulate the economy. Now, some expenditures, such as unemployment payments, food stamps and welfare have a greater economic multiplier than other types of expenditures, such as new weapons systems or sports arenas. But they all are good for the economy, because the money goes into circulation.

    Even if the revenue is spent on corrupt elites (not entirely sure what kind of spending falls under this rubric) it will be good for the economy as long as the money is spent in the brick and mortar world of products and services rather than spent on ownership paperwork or set aside in financial accounts.

    "The problems of incompetent, corrupt, corporatist government are incompetence, corruption and corporatism, not government." Jerome a Paris

    by Orinoco on Sun Dec 02, 2012 at 04:22:13 PM PST

    [ Parent ]

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