What about government "investing" in new technologies, infrastructure, and research?
I'm 100% in favor in government investing in infrastructure like roads, bridges, ports, etc.
Unfortunately, only 2% of the massive Obama "stimulus" was spent on these things. The rest was spent subsidizing state government bureaucrat pensions and healthcare. It didn't stimulate anything.
Pelosi and the rest of the nutters now call any and all government spending an "investment". That's wrong.
An investment is something that creates more productive capacity which facilitates future growth. The government has little capacity do this any longer because they are spending all of the money of transfer payments.
I'm 100% in favor in government investing in infrastructure like roads, bridges, ports, etc.
Unfortunately, only 2% of the massive Obama "stimulus" was spent on these things. The rest was spent subsidizing state government bureaucrat pensions and healthcare. It didn't stimulate anything.
1/3rd of it went to tax cuts in an effort to buy Republican votes, a colossal mistake IMHO.
