Arthur Laffer tabulates the real record of stimulus spending – and it’s bad.
Yet the notion that additional spending is a “stimulus” and less spending is “austerity” is the norm just about everywhere. Without ever thinking where the money comes from, politicians and many economists believe additional government spending adds to aggregate demand. You’d think that single-entry accounting were the God’s truth and that, for the government at least, every check written has no offsetting debit.
Well, the truth is that government spending does come with debits. For every additional government dollar spent there is an additional private dollar taken. All the stimulus to the spending recipients is matched on a dollar-for-dollar basis every minute of every day by a depressant placed on the people who pay for these transfers. Or as a student of the dismal science might say, the total income effects of additional government spending always sum to zero.
Go over and look at the table – it’s grim proof that stimulus spending actually depresses economic growth. Not that the Obama crew plans on actually paying attention to the truth.
There are too many perverse incentives in the leftist economic models. And eventually, they run out of other people’s money. We’re at that point in this country.
Meanwhile the Army has come up with a plan to smash the Tea Party should they decide to revolt. The scenario starts like this:
“In May 2016 an extremist militia motivated by the goals of the “tea party” movement takes over the government of Darlington, South Carolina, occupying City Hall, disbanding the city council, and placing the mayor under house arrest. Activists remove the chief of police and either disarm local police and county sheriff departments or discourage them from interfering. In truth, this is hardly necessary. Many law enforcement officials already are sympathetic to the tea party’s agenda, know many of the people involved, and have made clear they will not challenge the takeover.”
“The mayor of Darlington calls the governor and his congressman. He cannot act to counter the efforts of the local tea party because he is confined to his home and under guard. The governor, who ran on a platform that professed sympathy with tea party goals, is reluctant to confront the militia directly. ”
“The Department of Homeland Security responds to the governor’s request by asking for defense support to civil law enforcement. After the Department of Justice states that the conditions in Darlington and surrounding areas meet the conditions necessary to invoke the Insurrection Act, the President invokes it.’
The whole thing is at the link.
Somebody(s) are very worried about the Tea Party.
http://smallwarsjournal.com/jrnl/art/full-spectrum-operations-in-the-homeland-a-%E2%80%9Cvision%E2%80%9D-of-the-future