12-07-2010, 11:50 PM
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Banned
Join Date: Nov 2009
Posts: 144
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Quote:
Originally Posted by purist
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Most economists, even batshit neoconservative ones, agree on the following figures: Welfare spending has a fiscal multiplier of around 1.5, while military spending has a fiscal multiplier of 0.8.
What does that mean? It means that for every $1 that the U.S. government spends on welfare, we get $1.50 back in GDP. For every $1 that our government spends on military spending, we get back $0.80.
Now, if you had a choice of giving $1.00 to a person, and getting $1.50 back, or giving $1.00 to a second person, and getting $0.80 back, which would you choose? And which type of spending would be the bigger contributor of why we're in debt?
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But... welfare is for ******s and wetbacks, right? What would Glenn Beck say? |
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