Central planning of an economy doesn't work in large, diverse, environments, and works poorly in small homo-genius societies (Greece, Spain, Portugal all collapsing). Government spending does not create wealth and in only limited circumstances does it have a long term positive impact with a high velocity of money. Politicians do not spend money on the greatest needs of individuals, businesses and communities; rather they spend those dollars with the hope that it will buy votes, increase influence, and come back in the form of campaign donations. People tend to act in their own self interest, so how can a politicians best interest be everyone else's?
Obama Policies Failing: Sinking Stats Tell Story
Obama Policies Failing: Sinking Stats Tell…
Obama Policies Failing: Sinking Stats Tell Story
Central planning of an economy doesn't work in large, diverse, environments, and works poorly in small homo-genius societies (Greece, Spain, Portugal all collapsing). Government spending does not create wealth and in only limited circumstances does it have a long term positive impact with a high velocity of money. Politicians do not spend money on the greatest needs of individuals, businesses and communities; rather they spend those dollars with the hope that it will buy votes, increase influence, and come back in the form of campaign donations. People tend to act in their own self interest, so how can a politicians best interest be everyone else's?