Quote Originally Posted by luckylogan:
You fucking right-wing losers forgot about our failing infrastructure! Roads,bridges,etc ALL need up-grading...and the $$$$ comes from the Federal government down to the states for these projects! Eisenhower built the interstate road system. FDR had public works projects...and funding for projects like these COME FROM THE FEDERAL GOVERNMENT! Also,assholes, Federal block grants help states hire teachers and first responders! You moronic shmucks have NO CLUE! $$$$$ from the Fed CAN create millions of jobs...since the greedy corps you dolts love to protect prefer to hoard their money...or send jobs overseas..AND get GOP tax breaks for doing that! Fuck you morons for allowing the greedy bastards to do just that..and for voting for the Political cretins in either party..mostly GOP...who vote for anti-American acts like that!
So let me understand your thinking here (so eloquently presented above) ....You are stating the Govt creates jobs by spending correct? And the FED can create millions of jobs by spending?
The current “mandate” from your side of the aisle has been “Give me a job.” Or “Subsidize my healthcare.” Or, “Give me a cheap mortgage.” .OR “ Give me a great retirement and pension but don’t make me pay for it.” …All the while Ignoring all the basics of economics.
You might as well believe in the tooth fairy…
However, I will play along for arguments sake, let’s assume you are correct. I will put this in simple terms.
#1. You need a new road,
#2 . The state needs $100 million to build that road,
#3. The Fed has to give the state that $100 million for that road.
#4. The Fed doesn’t have that money, so it has to raise taxes to get that $100 million – basically taking it from corporations, you, me, our friends and family. It has to come from the private sector because that is the government’s only source of income.
#5. The private sector is now out $100 million, meaning you and I now have less money to spend on restaurants, vacations, movies, etc….
#6.) The government creates these jobs to build that road with the $100 million it took from the private sector.
#7.) Those places we no longer spend the money at ( the money the government took ) - have less income – the restaurants, the movies, vacation destinations like LAS VEGAS..etc…business drops so they lose jobs in these industries.
In a nutshell, but taking $100 Million form one group, kills jobs, but by giving $100 million to another creates jobs….You don’t see the jobs lost because they are not direct. But simple economics tells you that $100 million came from somewhere and goes somewhere else.
Net jobs created is ZERO from an economic sense. It’s called the broken window fallacy in economic circles.
Now, what makes this even worse, is that the government is doing this on BORROWED money, which means that road just cost $130 million..the extra 30 million goes to China these days. So we have a net zero jobs created economically, and a net 30 million loss on the road project. And we find ourselves in this present situation.