- Joined
- Dec 9, 2009
- Messages
- 134,496
- Reaction score
- 14,621
- Location
- Houston, TX
- Gender
- Male
- Political Leaning
- Conservative
Again, this is not complicated. Cutting spending at this point is idiotic. Unemployment is much more expensive than borrowing. For example, let's say that it costs $25 billion/yr. to service one trillion dollars in borrowing. Now let's say that you could use that trillion dollars to financy infrastructure programs that would employ 10 million people. By taking 10 million people off the unemployment roles you save roughly $250 billion/yr. You end up saving $225 billion by borrowing the money, versus not borrowing. See how it works?
Unemployment has gone up during this Administration as today there are still over 24 million unemployed or under employed Americans. All that spending has created fewer employed and greater debt so what purpose did it serve? We are spending record dollars for unemployment insurance, imagine putting that money to work into the private sector which is where the jobs will be created. You have so much faith in the Federal Govt. and the question is why? These are the people that have created the 14.5 trillion dollar debt, 4 trillion of which has been added since 2009. I learned a long time ago to trust but verify. You trust but never verify what you are being told.