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View Diary: Wall of Shame: Republicans Lose Intellectual Cover for Austerity/Spending-Cut Policies (87 comments)

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  •  There is however a fundamental difference (1+ / 0-)
    Recommended by:
    aguadito

    between employing people through expenditures that enable higher GDP growth and expenditures that provide the unemployed income without receiving productive work in exchange.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Wed Apr 17, 2013 at 11:38:49 AM PDT

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    •  correct (0+ / 0-)

      but how do you define productive work?

      there are people who get paid to do absolutely absurd things, like harass innocent petty drug users.

      is that "productive" work?

      i'd say it's more productive to spend $50,000 on a social worker taking care of a guy with a drug problem, than to spend $50,000 paying a guy to beat the shit out of a pot-smoker and drag him over to a prison where we pay $10,000 to lawyers and judges to process him in a legal system, rather than giving him a living wage to consume that production of businesses, who will then have more money to invest out.

      It's different for private individuals than governments..

      If you're a PERSON and you finance consumption with debt -- then you've got a different kind of problem, because you're not contributing it to an investment that will produce income for you to pay of the debt.

      If you're a GOVERNMENT then you don't care, you're not paying for consumption that disappears, you're paying for Person A to consume goods produced by Person B who receives Income and then can invest or consume the money that the state has essentially produced out of thin air on a computer.

      So while you're right, we should avoid deficit spending on unproductive activity as a general rule -- try to put that into perspective with all the truly unproductive and anti-social spending we engage in. The issue here isn't over-spending on socially beneficial programs for sick and poor, it's a misunderstanding by many of what "productive" really means.

      Deficits don't matter, jobs do.

      by aguadito on Wed Apr 17, 2013 at 11:57:48 AM PDT

      [ Parent ]

      •  I was thinking more conventionally (1+ / 0-)
        Recommended by:
        aguadito

        I would oppose stimulus programs based on massive spending on police against victimless crimes, related criminal proceedings and building prisons.  Although, in California we have seen the prison workers union (surprisingly powerful for its size) effectively push for this in years past with "three strikes laws."

        The most important way to protect the environment is not to have more than one child.

        by nextstep on Wed Apr 17, 2013 at 12:13:56 PM PDT

        [ Parent ]

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