What Are Some Ways That Our Government Could Be Spending Our Tax Money On To Help Get Us Out Of A Recession?
Posted by Admin on 24 September, 2009
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12 Comments on “What Are Some Ways That Our Government Could Be Spending Our Tax Money On To Help Get Us Out Of A Recession?”
Hold it!
Stop right there!
There are no ways for any government to spend its way out of a recession. It doesn’t work that way. No government has ever spent it’s way out of a recession, and economics dictates that it can never occur.
The actions the government needs to take are to spend less and to reduce taxes on businesses and investments, because it is only when businesses and investors spend money that helps the economy.
When a government spends more in excess of its revenues, that borrowing crowds out the ability of private enterprises to borrow that money for investment and expansion. When it increases taxes on businesses and the investor class, it prevents that money from being invested in the businesses.
While the recession will end without government interference, (unless they’re caused by government interference in the first place, like the current one was), if the government decides to take action and spend a lot and tax a lot, the recovery will be a jobless one. That’s the current scenario.
I reject the premise of your question. Government spending and meddling got us into this mess and won’t get us out of it. We may get out of it in spite of the government taxes and spending.
The action the government could take which would get us out of the mess would be to reform the tax code and adopt the “Fair Tax”.
Government cant do it.
Money is best left in the hands of those who earned it. Government stealing money and spending part of it only leads to misallocation of resources and false created demand.
The recession is the correction. It should be welcomed and allowed to naturally go its path. Eventually it will end, and nobody will be forced into massive debt to artificially attempt to halt it.
First off, the average american needs to stop spending 120% of their income with credit cards and third morgages. Second, lower taxes puts more money in americas pockets (instead of giving it to the auto companies and pork filled junk). Third, creating those promised jobs would be nice. Fourth, wall street does need to be regulated, too many wall street goons took advantage of the system and hung a lot of people out to dry.
Infrastructure repair, America needs it desperately. The population tripled since the 60s, but we don’t have three times the capacity on our roads. People and business need mobility to be efficient and keep costs down. Make it easy to do business and let the economy repair itself.
- supporting small business and giving loans to promising innovators (basically government funded venture capitalism)
- giving tax credits to companies who keep jobs in the US
- implementing education programs which teach children about personal finance and responsibility as well as healthy living (reducing debt and medical problems in later life)
- greater oversight on loan qualification
- paying off the national debt…
Return the money to the American people. Government doesn’t create
jobs the private sector does. When the govt. take our money and we
have less to spend, invest etc. the money flow slows down people hold
onto their cash and it hurts all of us. GIVE IT BACK!!!
Well, they could start by spending it here, instead of giving it to foreign countries, they could find cheaper ways to kill Afghani’s, and Iraqi’s, and quit blowing stuff up just to rebuild it. Or, they could get paid like normal people
Stop handing out $Billions to the banks and other corporate welfare nonsense and keep the money circulating in the real economy.
Make jobs, stop paying people to mess up. Fix a road or build a bridge or some crap. Hire a million people to build broadband and elecric infrastructure.
The health care issue.
This country is losing jobs because of the high cost of insurance. How many factories have to pack up and leave before we deal with this?
They cant and they wont because it’s being crashed by design.