If Obama’s use of income creates us energy-independent, creates affordable concept healthcare, improves the infrastructure, ussher the brand new epoch of some-more scientists than financial gurus, afterwards this use of income is called investing inside America. It’s similar to borrowing income to take your daughter to Harvard so which she can have improved prospects to assistance transparent the debt.
When Bush doubled the inhabitant debt to quarrel wars which move us nothing, afterwards which use of income has no genuine earnings as well as it’s called spending inside Iraq.
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Spending buys stuff like groceries and computer games. Stuff you throw away and buy more of tomorrow.
Investing buys stuff like houses and investment portfolios. Stuff that gvies you more back later (hopefully) than you put in at the start.
It is all spending buit the difference is what you get 10 years down the road for what you spend today.
When a liberal blows through MY hard earned money it is called an investment, when a Republican does it, you call it doubling the debt.
That is the way you do it if you are a member of the dying dinosaur media or one of its kool aid drinking zombies (see above)
The debt has be going up way before Bush ….where have you been!
Obama’s party cost triples his spending is off the board!!! Obamas if he is so righteous he would have given the money away to charities, those deserving and the misfortune.
You are correct, but good luck with the peanut gallery.
Yes you are so right. It is called planning, President Obama has a plan and I have hope it will work. The republicans have no plan, and no one capable of planning, the money they spent while they was in power was a total waste, all went to the top 1%.
Well, lets start off with the simple fact that we have in our power, and for very low cost, the ability to completely remove ourselves form oil, and cost a fraction of what obama wants. Its called nuclear power, it is clean, cheap, and no one has ever been injuried by it. Currently about 1/3 of our power is from nuclear energy, we have enough plants to do 2/3s of all of our energy needs, and by adding 100 more plants, we could be 100% provided for, with no need to power through oil. So energy independent is already here, we just haven’t gone for it.
Affordable healthcare is a myth, it will cost the same. Just the poor aren’t paying as much, and people in that industry that provide coverage will lose jobs to the government.
And how is he increasing scientists? the funding for colleges to research has dropped every year, and obama as far as from what i have read, has no plan to change that.
Also, fighting a war in iraq does help us, as it will install a government that is friendly towards us (as we put them in power), and they will trade cheaper for us, and give us a stronger global pressence. I dont agree with it, but iraq brought as much investment as obama has even suggested he can do.
Yours is a rational argument.Investment creates, spending on war destroys.
First of all he hasn’t even really outlined exactly HOW he is going to do all this “investing.” He only talks about infrastructure and being energy independent yet I have yet to hear one way he is going to go about doing that! He is spending too much money bailing out corporations who fu**ed this country royally. If you think that he is going to cut the debt in 1/2 by the end of his first term you and everyone else who thinks this is nuts!! The rate he is spending $$ we will probably dbl it!
I think of investments like a long term savings
Spending….It’s gone.
Well, ok, to a first approximation that is correct.
But you don’t understand the crux of the problem, that is what causes us to have too little education and what does that mean? What caused the recession and what can get us out?
This level of conversation is far removed from the peanut gallery, who do not study economics on purpose, and enjoy insulting others because they are sadists.
Basically, if we are in a recession, we need to spend to get out of it. Anything that helps spending and not saving will get us out faster. But, if we just created holes in the ground it would help. Spending is preferable to investing even. Printing money can work. Tax cuts can work but might end up in saving. In a sense, the economy has too much investment already that is not being used.
But, if the country is not in a recession, then it is no longer true that we need to spend. Then we need to worry about saving and investment. But the government should only spend money on things that there is some type of market failure or particular welfare concerns. Energy independence, absolutely, because the market does not price the collapse and destruction of the world.
But there are two situations that call for somewhat two different approaches. Obama is putting them together because he can only afford to spend a little, but there is no reason to confuse them generally.
The dems have now labeled the word “spend” as “investment”. They have renamed the words “terrorists” and “war” to suit their vocabulary. Their hypocrisy is gagging.
Wars that brought us nothing??? Next time i checked you were still alive to ask this idiotic question!
The only problem with your analogy is that it won’t be you paying back your daughter’s debt to Harvard. It will likely be your grandchildren’s children you don’t even have yet being taxed to the hilt to pay back your daughter’s debt to Harvard! It’s ascinine!!! You don’t borrow money when you have NO money! No one in their right mind would lend you money to go to Harvard if you were broke!!!
It’s more like…I am broke. No … I am MORE than broke… and I am going to go out and invest money I DON”T have to explore and “invest” in something that’s going to cost me more in the long run anyway!
And in the mean time I going to go bash the very people who create wealth and jobs in this country. Typical Liberal!
Spending is when I buy a new pair of shoes.
Investing is when my wife buys a new pair of shoes.
When every body is making $50.00 and prices hold where they are now we will be able to get our money back.