Quote:
Originally posted by Colin@Jun 9 2003, 07:14 AM
Agreed, Wig. This is why we can very state simple things instead like "Increased government spending increases GDP because governmental spending is a component of GDP". That's not theory, it's definition. :-)
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Colin, Agreed!
The question then becomes.... Does this increase in GDP actually have a positive effect on the taxpayer??
My thought is that since the government cannot spend the money wisely (let alone account for it all), the answer is no. But, I agree that this is my subjective opinion.
