mrstickball said:
akuma587 said: So you like spending, but only spending that you like? |
I tend to think that it's reasonable to believe that spending on smart things that yield a return is better than spending money that gives no return. It's the lesser of 2 governmental evils.
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I had to kind of rush my reply as I was off for school, but the point I wanted to make is that many of the things in the stimulus have a lot of "residual" value. Ironically, the particular provision happysqurriel quoted was one of the first things taken out of a bill. I mean it doesn't make sense to me to criticize a bill for something that didn't make it into the final bill. Things are hammered out during the legislative process. A lot of things are considered, rejected, and added. Its normal. If anything, what he quoted says that there were changes to the stimulus.
Education spending, at least from my perspective, is fundamentally residual in terms of the value it gives. Not to mention that the education sector was on the chopping block and was facing over half a million potential job losses. And I know you like to comment on how inefficient the public school system is on how much they spend per student compared to the private school. There is a reason for that. Public schools have to spend a lot of money on mentally handicapped and challenged kids. They often have to hire a large amount of staff just to handle those kids (sign language staff, individual staff to give mentally challenged kids attention, special classrooms and equipment for them, not to mention every other miscellaneous cost the school has to incur as a result). The percentage of those kids that the private school system handles in comparison is incredibly small. This drives their costs way down. I would be genuinely surprised if private schools didn't spend less per child than public schools do.
I don't question that defense spending has some residual value too, but there is exorbitant amounts of waste in defense spending. Congress has gone through and bought multi-billion dollars worth of equipment that the military says it will not use because Congress is worried about "hurting the private sector" who manufactures these goods. If that isn't wasteful spending, I don't know what is. Not to mention that military technology is ludicrously expensive. Just five of some of the bombs we drop in the Middle East cost as much as the entire amount allocated to the National Endowment of Arts in the stimuls, $50 million. I'm sorry, but I think investing that $50 million in our own culture has more resdidual value than five bombs do. I am completely for investing in new technlogy, but military spending is out of control in proportion to the value it has.
Not to mention he is completely misrepresenting the Keynsian viewpoint and eliding many facts that clearly weaken his conclusions (like that FDR did try to cut spending and it came back to haunt him when the economy dipped into another recession, and he is assuming that it is as easy to get out of a depression once you are in the thick of it rather than prospectively avoid it with spending).
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson