Sunday, August 7, 2011

The Spending Boogeyman

U.S. spending is slightly higher now than the late 70s, early 20s and 80s, and much less than the mid-to-late 40s - a period that coincided with the creation of the American middle-class and the greatest period of economic growth this country has ever seen.

Government spending increases (hopefully) during a recessionary period. This helps the economy recover. Economic suffering of citizens/business is minimized.

Based on historical evidence and the magnitude of our current recession, we should be investing (spending) more on our country and it's citizens.

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