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Scratch on spending pointless money:
I didn’t support the stimulus bill because I realized economics is cyclical. Sometimes it’s shit—nothing is perfect all the time. It’s a bummer when things go bad. Some people will be hurt worse than others. C’est la vie. We spent $1,000,000,000,000 to try to fix a problem. It didn’t work. We’re going to have to pay back that $1,000,000,000,000. It will likely come at a time in which we’re recovering. Higher taxes means less disposable income. Less disposable income means less spending, which means less buying, less production—less jobs. At this rate, this recession is going to be a lot longer than a couple years.
A) again, they need to actually spend the money and b) Keynesianism is about employment, so maybe getting A) done will help with B), but it’s all happening in slow waltz time.
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