US national debt hits $16 trillion! In other news, President Hu Jintao of China retires...

[Mr Khan]

Kasz216 said:

nuckles87 said:

These jobs are only temporary, but as has been done in the past, these jobs are meant to only jump start the economy so that consumers will have the money to begin buying products again, and allow new private businesses to thrive, begin hiring more people to keep up with demand, so that when these public projects are finished workers will have places to go in the private sector.

The problem is... this has never worked.  BECAUSE said jobs are temporary.

The last 4 years have show that.  (As well as... pretty much every stimulus ever done.)

Buisnesses know said demand is temporary and as such won't expand due to it... because well...  they aren't stupid.

 

All it ever does, is temporarily boost GDP numbers for as long as spending goes, until something else completely increases demand and fixes the economy.

That's what's weird about all the calls of a "New New Deal."   If you ask Economists... 9 out of 10 will tell you the New New Deal failed... and the 10th will likely tell you it mostly failed until WW2 came along.

So you're saying we should nuke China

Shrewd...