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Overnight Open Thread

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RogueOne10/11/2010 9:20:05 am PDT

re: #376 garhighway

I’m not clear on what are you saying. Are you against stimulus spending per se, or against the particular stimulus bill from 2009?

If the former, why? Are you in league with those who say that is simply not an appropriate governmental function?

If the latter, what exactly was your beef with it?

I was against the bloated bill in ‘09. I understand and accept that government spending is a necessity and keynes had a good theory, but it wasn’t implemented in any way that would have been a success. We propped up state governments that had put themselves in untenable positions by overspending and relying on tax models that had failed. The only way for the states to fix their problems was by cutting. All that the stimulus package managed to do, in regards to state budgets, was to delay the inevitable.