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Overnight Open Thread

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Nerdy Fish11/15/2011 6:04:49 am PST

re: #294 Targetpractice, Worst of Both Worlds

It’s a particularly shitty policy when the reasons behind it are asinine, i.e. “Cutting spending means government will be more efficient/responsible/’free.’”

In particular, as has been pointed out here frequently, now is exactly the wrong time to cut spending. Government spending in a recession helps reduce the damage and speed recovery, as it injects cash flow back into the economy. Basically, the government spends what the citizens cannot yet afford to spend, to keep the wheels turning until the consumers can pick up the slack.