Insidious dogma

reed 2011Apr 28, 2014  Tom Reed spent the last two weeks crisscrossing the eleven-county district holding roundtables, meeting with small businesses and wrapping up his 137th town hall. The consistent theme Reed heard during each conversation was the frustration taxpayers have with Washington’s ever-increasing spending …

 

Did Reed really hear that the electorate is concerned with “Washington’s ever increasing spending?” Probably not–there is much evidence that Reed only hears what he wants to hear.

Much political dogma is nonsense. Complaints about government spending are particularly insidious. Government spending is neither good or bad; the purpose matters. Many programs funded by government spending are necessary; others greatly benefit the public. When politicians decry spending as if it were never necessary no matter the purpose, they are talking nonsense.

Government spending helps offset private savings. Excessive savings take money from the economy promoting economic stagnation. Government spending on worthwhile programs counteracts this.

Discretionary spending can have a stabilizing effect on the economy. When unemployment rises, spending for unemployment compensation helps dampen recession and promote economic recovery.

The idea that private investment is good and public investment is bad is wrong–the economic impact of investment is the same no matter the source of the funds. The idea that government jobs aren’t real jobs is also wrong–work is work and pay is pay in both cases.

Advertisements

About whungerford

* Contributor at NewNY23rd.com where we discuss the politics, economics, and events of the New New York 23rd Congressional District (Allegany, Cattaraugus, Chautauqua, Chemung, (Eastern) Ontario, Schuyler, Seneca, Steuben,Tioga, Tompkins, and Yates Counties) Please visit and comment on whatever strikes your fancy.
This entry was posted in Congress, Economics, Political, Reed's Views and tagged . Bookmark the permalink.

5 Responses to Insidious dogma

  1. Rynstone says:

    I will happily take your pensions and your social security payments and disperse them to you or use them to pay your bills. I promise I will charge a very low rate and will let you know which vendors I have partnered with.
    You sir are unfortunately closet communist.
    I want a Constitutionally responsible and fiscally responsible federal government. If it isn’t in the US Constitution teh Feds should not be doing it.

    The Federal Government has steeped way over it’s Constitutional responsibilities and duties.

    Like

  2. Renate Bob says:

    The constant cry of “ Government spending” is nothing less than and insidious attempt to privatize everything.Thank you for your posting. We need to get rid of Reed and all others who are setting our country back to the 30s.

    Liked by 1 person

  3. Steve Beikirch says:

    Rynstone, you do know that the Ayn Randian libertarian utopia never existed and never will.

    Like

  4. whungerford says:

    As for Rynstone’s opinion that “the Federal Government has stepped way over it’s Constitutional responsibilities and duties,” evidently the nine learned justices of the Supreme Court (past and present) do not agree.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s