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Reply #8: yeah thanks for the Republican talking points [View All]

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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-14-11 11:13 AM
Response to Reply #2
8. yeah thanks for the Republican talking points
The point of a Keynesian stimulus, though, is to get us through the short run. In the long run, we are all dead.

Here's part of the deal. Think of the private sector. Many people work in the private sector in retail and services. They cut grass, they cut hair, they sell furniture and shoes, they work at restaurants. What happens to their private sector business if a bunch of their regular customers, who happen to work for the city, the school district, the state or the county, lose their jobs? Well, that takes a bite out of those private sector businesses too. So they cut back, lay some people off, consume less, invest less, and the economy gets even worse.

Confiscatory? Nobody even proposes that. A 1% increase on people with incomes over $100,000 in Kansas could have saved $180 million in budget cuts every year since 2007, making the Kansas economy that much stronger. 1% is hardly confiscatory. Nor is it going to somehow kill the private sector if the public sector does not slash jobs in a bad economy. Instead the public sector will be propping up the private sector until the economy recovers.
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