EMH
Diamond Member
- Apr 5, 2021
- 17,954
- 11,348
- 2,138
It doesn't take a PhD to understand. When government spends more, it increases costs (via taxes or debt), and hence discourages investments in new jobs by the private sector...
The phrase “crowding out” in economics refers to a situation where government spending (which is part of fiscal policy) discourages (private) investment spending in the economy. This is considered a bad thing, since investment spending is one of the key drivers of economic growth.
What made America great in the 1990s was that government spending was kept flat, under control. That produced a booming economy, a budget surplus, a strong and stable dollar, job growth, and the ever elusive low end wage inflation, where those at the bottom increase wealth.
Government spending is wasteful, corrupt, spent in foreign countries with no benefits to America. It destroys wealth. Private investment either creates wealth or it goes out of business. Government destroys wealth and keeps growing. As a nation, we need to create more wealth and stop destroying it. Our debt is $35 trillion, up from under $6 trillion when W took office...
It all started under W and Cheney, the explosion in spending the past quarter century.
To help the middle class, government spending needs to be cut, now.
Kamala will never ever do that....
She is not a fiscal conservative. She is the furthest thing from it... and when Kamala claims she is for the middle class, she is just as "credible" as saying she shut the border....
The phrase “crowding out” in economics refers to a situation where government spending (which is part of fiscal policy) discourages (private) investment spending in the economy. This is considered a bad thing, since investment spending is one of the key drivers of economic growth.
What made America great in the 1990s was that government spending was kept flat, under control. That produced a booming economy, a budget surplus, a strong and stable dollar, job growth, and the ever elusive low end wage inflation, where those at the bottom increase wealth.
Government spending is wasteful, corrupt, spent in foreign countries with no benefits to America. It destroys wealth. Private investment either creates wealth or it goes out of business. Government destroys wealth and keeps growing. As a nation, we need to create more wealth and stop destroying it. Our debt is $35 trillion, up from under $6 trillion when W took office...
It all started under W and Cheney, the explosion in spending the past quarter century.
To help the middle class, government spending needs to be cut, now.
Kamala will never ever do that....
She is not a fiscal conservative. She is the furthest thing from it... and when Kamala claims she is for the middle class, she is just as "credible" as saying she shut the border....
