Current Events — HabitableZone

Current Events » in reply to New "stimulus" bill

Couldn't get past #6

6) Lawmakers tell us every $1 billion in highway "stimulus" can be spent creating 34,779 new construction jobs. But Congress must first borrow that $1 billion out of the private economy. Won't the private sector then lose the same number of jobs?

I don't get it. Taking money from people who have money (including foreign investors) to invest into T-bills and bonds-will cause job loss? By Riedl's logic, we should have all lost our jobs long ago.

Consumer confidence has effectively been shattered. A lot of people are wondering when (not if) they'll lose their jobs and the media preys on every layoff like vultures on a dead cow.

But heck, let's not go any further into debt- let's just let the chips fall where they may...

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