[theBuckwheat]

ONLY IN THE UPSIDE DOWN INSIDE OUT WORLD OF KEYNES do reductions in government money-printing and perpetual-debt borrowing damage the economy.

People who insist that it does are telling us that the government IS the economy. That should be a double danger alarm that government has grown too large. This is for the simple reason that government can only create money, it cannot create wealth. Only the private sector can do that.

[griswold3]

Krugman was on CSpan this morning with demand for more government spending. He was preaching Monetary Sovereignty and saying anyone worried about the debt is crazy.
45 commercial-free minutes of Central Planning talking points. The trend is catching on as the true believers claim it has worked to save us so far.
We’re so screwed!

[wmap]

Fourth quarter spending was up from the prior two quarters. The President blames Sandy for the retraction. The government state and federal spent money during that time. It was Nancy Pelosi whose reasoning said giving unemployment for every dollar spent $1.75 is shown up in the economy. I do not get it.

[alloysteel]

Artificially pumping up the highly visible enterprises in an effort to provide the illusion that the economy is growing is self-defeating in the end. The inevitable contraction is only postponed for a little while. Meanwhile, even more resources committed to continue the facade of prosperity are simply lost, as the house of cards continues to collapse.

If the idea is simply to squander our inheritance, Bronco Bama is doing very well at that task. He is like the winner of the lottery, who, after years of living in poverty, winds up blowing not only the entire amount of the winnings, but a considerable amount of incurred debt as well, and instead of being merely poor, he is hopelessly mired in to what, to him, would have been a unimaginable burden.