Name: Anonymous 2007-09-24 19:40 ID:tfVoTz9g
Printing more money to take care of the economy causes inflation and hyperinflation. Spending more money causes deflation or at least curbs inflation. Therefore, more money can be printed and spent as long as it keeps an equilibrium through spending. This is why Bush's budget has appeared to be out of control for both terms, why military and government contractor spending appears bloated and out of control, why it looks like we spend more on foreign aid than on domestic programs, and why people consider the annual budget to be wasteful.
We NEED excess spending to take care of the amount of money we print each year, and because money is converted into goods and services, we end up with more future goods and services that allow us to do more things in society, whether it be construction equipment, new computers, or a new wing to a government building with extra staff meant to administer in a new but unnecessary department furnished with excess office supplies. Don't cry about the interest on the national debt, or sending money to Israel, or high spending on a never ending war. Our currency is not based on any commodity, so spending less and saving it up accomplishes nothing, other than allowing it to devalue naturally when it could have been converted to actual goods. Money has to be spent fast to create more goods.
People compare government spending to the personal spending of an irresponsible teenager who has maxed out credit cards. But teenagers don't print money. So when a kid naively asks, "Can't they just print more money and spend it?" the answer is yes.
We NEED excess spending to take care of the amount of money we print each year, and because money is converted into goods and services, we end up with more future goods and services that allow us to do more things in society, whether it be construction equipment, new computers, or a new wing to a government building with extra staff meant to administer in a new but unnecessary department furnished with excess office supplies. Don't cry about the interest on the national debt, or sending money to Israel, or high spending on a never ending war. Our currency is not based on any commodity, so spending less and saving it up accomplishes nothing, other than allowing it to devalue naturally when it could have been converted to actual goods. Money has to be spent fast to create more goods.
People compare government spending to the personal spending of an irresponsible teenager who has maxed out credit cards. But teenagers don't print money. So when a kid naively asks, "Can't they just print more money and spend it?" the answer is yes.