Obama: Government spending “is not some socialist dream” « Hot Air: "But the larger problems with the president’s remarks are that they betray his ignorance of two important truths: (1) The government has no money of its own, so, technically, all government programs are redistributive and (2) Our entitlement programs are broken and he has absolutely no plan to reform them. The social safety net is about to rip underneath us because the president refuses to take any steps whatsoever to strengthen it.
Government spending, like all of life, is constrained by reality — and the reality is that we cannot spend money we do not have. We will never have the money to reinforce the social safety net if we do not focus on economic growth. The objection to increased public investment in education, health and other programs is, in many cases, not ideological at all (although in some cases it is, usually from the standpoint that it shouldn’t be the federal government that provides the net), but practical: Such investment is not the best way to grow the economy."
'via Blog this'
No comments:
Post a Comment