re: #463 RogueOne

Isn’t that the same argument people use to explain how another economic theory didn’t fail? It wasn’t implemented correctly”. We were told that a trillion dollars in spending, on shovel-ready projects, would keep unemployment from hitting 8%. We were told that for every dollar of spending we would get a return of $1.60. The multiplier never showed up, our growth rate was just downgraded “unexpectedly” again, unemployment is still 10%, and we’re running a very real risk of having our bond rating dropped. I don’t see the argument for more spending with those results.

One third of the stimulus was spent on tax breaks, and examination of how the money was spent against the returns it got showed that tax breaks were among the least efficient form of governmental “spending” we could come up with.

So if you’re looking for somebody to blame for why all the money didn’t get as high a level of return as predicted, why not focus in on the GOP senators who insisted such a large portion of it be in tax cuts?