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Thread: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by scottsoperson View Post
    interestingly enough, deficit spending is the opposite of saving or hoarding.
    The problem is growing government does not grow the economy.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by ptif219 View Post
    The problem is growing government does not grow the economy.
    Macro theory in regards to national income accounting says something quite different....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    How much you want to bet they didn't hire the dead?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by Goldenboy219 View Post
    Macro theory in regards to national income accounting says something quite different....
    Because GDP counts government spending as being as efficient as private sector spending which is completely foolish. Real wealth is somewhere between GDP and PPR.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by Goldenboy219 View Post
    Macro theory in regards to national income accounting says something quite different....


    Really? I am no accountant, that much is for sure, but maybe you could explain how growing government grows an economy, in regards to real GNP?


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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by misterman View Post
    Really? This chart shows GDP per capita going sharply up during WWII. And dipping back down afterward.
    GDP does not accurately measure wealth because construction of war-time goods does not make our lives better, in fact you could say that they have negative wealth associated with them because they cause destruction. Also, government routinely overspends and creates things that are worthless (the best example of this are The Pyramids; they did not make the citizens of Egypt any better off).

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by phattonez View Post
    GDP does not accurately measure wealth because construction of war-time goods does not make our lives better, in fact you could say that they have negative wealth associated with them because they cause destruction.

    Well, that doesn't seem right to me....Doesn't the manufacture of war time supplies employ people? Don't they get paid? Then in turn don't they buy things with that money? Do not the raw materials have to be produced, transported, and made into a finished product, providing skills to grow the country after any war?

    And how about the young men, and women sent off to war? I know the popular thing today is to only focus on the unfortunate souls that come back less than whole, either in mind, or in physical shape, but I am talking of the lion share that come back unharmed. They come back with skills, either in the ability to do what is necessary to work, or manage. They come back to be your police, firefighters, pilots, and pastors. They drive a nation forward with their ability to discern right from wrong instantly, and their no fail attitude.

    And I think that makes the quality of life in America better for all who live here.


    Also, government routinely overspends and creates things that are worthless (the best example of this are The Pyramids; they did not make the citizens of Egypt any better off).

    Sure they did, if for nothing else a sense of pride. And a wonder of the world. You think the world would be better if the pyramids were non existent?



    j-mac
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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by phattonez View Post
    Because GDP counts government spending as being as efficient as private sector spending which is completely foolish. Real wealth is somewhere between GDP and PPR.
    Has nothing to do with efficiency Phattonez. There are three aspects you can draw from, the product, income, or expenditure approach; all of which lead to the same number.

    And by PPR, i believe you mean purchasing power parity.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by ptif219 View Post
    The problem is growing government does not grow the economy.
    the government grew larger than the economy by the end of ww2. or the debt did.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by j-mac View Post
    Really? I am no accountant, that much is for sure, but maybe you could explain how growing government grows an economy, in regards to real GNP?


    j-mac
    Lets say the government decides to build another golden gate bridge. That spending generates both jobs and private sector spending, along with the welfare associated with having another mega bridge (less traffic, quick access across the pond, etc...

    How about welfare????

    People on welfare tend to spend all of what they receive. This money most certainly goes back into the hands of private industry creating jobs. If welfare ceased to exist, a whole bunch of jobs would cease with it.

    You already covered the military aspect in your post above.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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