For Every $1 Added to the Economy, Obama Added More Than $3 in Debt
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This is about as good an example of what is known as "Okun's Leaky Bucket". Money that is spent by government does not have nearly the same effect or "velocity of money" as private investment or consumer spending does. When government spends money it does so for reason of politics and corruption. Government does not create wealth it just spreads money around either to the unproductive or least efficient. While defense is a critical role of government, does anyone actually believe that Pentagon spending is efficient?
For Every $1 Added to the Economy, Obama Added More Than $3 in Debt
For Every $1 Added to the Economy, Obama…
For Every $1 Added to the Economy, Obama Added More Than $3 in Debt
This is about as good an example of what is known as "Okun's Leaky Bucket". Money that is spent by government does not have nearly the same effect or "velocity of money" as private investment or consumer spending does. When government spends money it does so for reason of politics and corruption. Government does not create wealth it just spreads money around either to the unproductive or least efficient. While defense is a critical role of government, does anyone actually believe that Pentagon spending is efficient?