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of the economics stimulus plan for people like me who need it simple. :p
http://www.prisonplanet.com/economic...-spending.html
excerpts:
Consider three people living in an island, running their own tiny economy. Bob, Sarah and Charlie are all farmers who grow their own food, making an honest living by working 8 hours a day to create the food, clothing and shelter they need to survive.
One day, Charlie decides he wants to be the Governor of the island. He tells Bob and Sarah that as Governor, he’ll bring wealth and prosperity to them both. Initially, that sounds good, so Bob and Sarah agree to elect him Governor........
Government spending of debt money does not result in any net creation of jobs at all. It only confiscates wealth from private citizens and forces them to pay for centrally-planned jobs that the real economy usually neither needs nor benefits from.
Government jobs are created with confiscated wealth.
Although greatly simplified, this little scenario demonstrates the ridiculousness of anyone who believes government can “create” jobs. Government creates no net increase in jobs through debt spending. It only confiscates wealth from those who are willing to work and justifies its own wealth confiscation efforts by pretending to offer solutions to the very people it is stealing from.
http://www.prisonplanet.com/economic...-spending.html
excerpts:
Consider three people living in an island, running their own tiny economy. Bob, Sarah and Charlie are all farmers who grow their own food, making an honest living by working 8 hours a day to create the food, clothing and shelter they need to survive.
One day, Charlie decides he wants to be the Governor of the island. He tells Bob and Sarah that as Governor, he’ll bring wealth and prosperity to them both. Initially, that sounds good, so Bob and Sarah agree to elect him Governor........
Government spending of debt money does not result in any net creation of jobs at all. It only confiscates wealth from private citizens and forces them to pay for centrally-planned jobs that the real economy usually neither needs nor benefits from.
Government jobs are created with confiscated wealth.
Although greatly simplified, this little scenario demonstrates the ridiculousness of anyone who believes government can “create” jobs. Government creates no net increase in jobs through debt spending. It only confiscates wealth from those who are willing to work and justifies its own wealth confiscation efforts by pretending to offer solutions to the very people it is stealing from.
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