Re: Obama V: For Vendetta
There's a zero (or at least very low) percent return on the vast majority of government spending - if there were money to be made at it, private industry would be investing in it instead, and it wouldn't require government spending!
Edit to make clear: I'm not a proponent of massive government spending of any kind. I just don't see such a fundamental difference between the different kinds of spending as others do - they're mostly equally bad, IMO!
The point is that people like to wave "money spent in Iraq" as a bloody shirt, implying that we may as well have just had a bonfire with the cash. That's not true at all. The vast majority of the money that they're calling wasted was merely "spent" - going right back into the *US* economy. Even if there's a zero percent return on that money, that's far better than the "negative 100%" investment that it's made out to be.Neither does any of the money spent on infrastructure, or health care initiatives, or FAFSA money, etc.. Seems like a null point. The question is, are we going to get any return on investment? Can you spend a million bucks in Iraq and have any tangible outcome for the US, other than to filter that money to contracted firms and to the income of soldiers?
There's a zero (or at least very low) percent return on the vast majority of government spending - if there were money to be made at it, private industry would be investing in it instead, and it wouldn't require government spending!
Edit to make clear: I'm not a proponent of massive government spending of any kind. I just don't see such a fundamental difference between the different kinds of spending as others do - they're mostly equally bad, IMO!