Just because a candidate has managed to draw in enough like minded voters to grant him a Government office doesn't mean that he's competent.
His postilion on deficit spending is nothing new. Massive spending or " Stimulus " to " increase aggregate demand " and add jobs.
“Investing $1 trillion over five years to modernize our country’s physical infrastructure would create and maintain at least 13 million good-paying jobs that our economy desperately needs,” the report said.
If your'e a Bernie Sanders fan it means your'e pretty isolated and limited intellectually and that you have really no idea how our or any other economy works.
The problem with massive spending to increase aggregate demand, is that it DOESN'T WORK. If you actually did a little research outside of the articles that perpetuate your preconceived notions you would know this by now and wouldn't support Sanders as a candidate.
Japan has fallen victim to the Keynesian scam
" Since the popping of the BOJ-induced bubble in 1989, Japan has been the most faithful adherent of Keynesian principals. At the onset of the crisis, they immediately began on their misguided path with large doses of deficit spending. Instead of allowing the economy to rid itself of bad investments and heal, they continued to prop-up failed business models — creating Zombie banks and an equally Zombie-like economy. "
You see, Japan did exactly what Bernie Sanders is advocating, blowing through 10 Trillion Yen via 10 different Stimulus packages. They eventually ran up their debt to GDP ratio to 240 %. Now after the failed Fiscal and Monetary Stimulus initiatives of " Abenomics ", their Banks are the only one's buying their debt, 40 % of their annual revenues go to paying debt service and their economy is shrinking.
So Sanders is advocating the same kind of leftist nonsense and I'm not dumb enough to buy into it.
