1. During World War II, Americans working double shifts and weekends bought “War Bonds”. At peace, they cashed in their bonds for cars and homes, finally getting the prosperity that enough government spending could have given them a decade earlier, when Hitler’s spending gave Germans prosperity and made him popular and powerful.
2. Our GDP grows approximately $2 for each Congressional $1 spent again and again until either taxed, saved, or exported. Our Debt/GDP ratio dropped from 120% in 1944 to 30% during 35 prosperous years due to moderate inflation and heavy spending on veteran housing and education, the Marshall Plan, nuclear energy, the Korean War, Cold War rearmament, the Interstate Highway, the Man-on-the-Moon, and the Vietnam War.
3. Nobody would refuse a salary boost to avoid a tax hike but, to avoid a tax hike, this Congress refuses to boost our infrastructure! In our past, Congressional spending gave us national parks, dams, rural electrification, transistors, computers, the internet, jet planes, rocket ships, satellites, solar energy, LCD, the mouse, touch-screens, SIRI, search algorithms, GPS, genomics, nanotechnology, and the greatest pharmaceutical industry!
4. About 85% of Congress’ spending becomes cash for our tax payments. We save about 5% of it and spend the rest on imports. More deficit spending by Congress would give taxpayers more after-tax savings and more money to spend on Asian bargains.
5. Unless a trade surplus will always finance our annual net savings, members of Congress seeking a “balanced-budget” law are like fools commanding the tides to ebb!
6. Congress’ spending should be limited only by the onset of harmful inflation when it is controlled by moderate long-term interest rates and by adequate progressive taxes on discretionary incomes, financial transactions, and large estates. More spending would increase inflation; less spending would increase deflation and unemployment.
7. The Fed’s purchase of US debt cuts debt interest rates by reducing the supply. It also effectively reduces the debt and debt interest expense because the Fed gets the interest and principal at maturity and returns 94% of its annual profit to the Treasury.
8. If the interest rate on our federal debt is less than our GDP growth rate, the debt can grow indefinitely and safely since the Debt/GDP ratio will remain or descend well below 100%.
9. Foreign exporters will either accept our dollars and bonds or stop selling us goods. The US dollar’s reserve currency status favors US consumers, traders, etc., and requires that we maintain a large national debt, much of it held by foreign nations.
10. Increased output for the same input is anti-inflationary so inflation is not increased when Congress hires the unemployed to gain infrastructure and productivity. The goods that the unemployed now get with stamps would instead be bought with their salaries, ending the humiliations of the idle poor and the resentments of the working poor.
Excessive unemployment is due only to Congress’ refusal to build infrastructure.

Weren't you listening? Trump be da man! He's promised to: end budget deficits, pay off the debt, end trade deficits, bring back jobs, etc. - and he'll do it by: reducing taxes by trillions on rich people and corporations, spend trillions on infrastructure, brow beat corporations on twitter, eliminate regulations designed to protect the environment/consumers/banking system, etc.

What's not to like? Remember the old adage designed to protect yourself from con artists; if it sounds too good to be true, it probably isn't true. Here are some other examples: For this low, low introductory price, learn how to become debt free in as little as 6 months. Learn how to get rich by flipping houses - with no money down! Take this pill and lose weight guaaaaraaanteed! I will do everything you ever dreamed of - and it won't cost you a dime! I will build the most bestes wall you never saw - and Mexico will pay for it! The GOP was too stupid to design a replacement for Obamacare after having 8 years to work on it - but I, the great Donald - will design the finest, most wonderful, most excellent healthcare plan God ever thought of and it will lower your premiums to near zero, it will pay for 100% of everything and there will be no deductibles or copays!

Can you believe that people STILL buy that bullshit?

1. During World War II, Americans working double shifts and weekends bought “War Bonds”. At peace, they cashed in their bonds for cars and homes, finally getting the prosperity that enough government spending could have given them a decade earlier, when Hitler’s spending gave Germans prosperity and made him popular and powerful.
2. Our GDP grows approximately $2 for each Congressional $1 spent again and again until either taxed, saved, or exported. Our Debt/GDP ratio dropped from 120% in 1944 to 30% during 35 prosperous years due to moderate inflation and heavy spending on veteran housing and education, the Marshall Plan, nuclear energy, the Korean War, Cold War rearmament, the Interstate Highway, the Man-on-the-Moon, and the Vietnam War.
3. Nobody would refuse a salary boost to avoid a tax hike but, to avoid a tax hike, this Congress refuses to boost our infrastructure! In our past, Congressional spending gave us national parks, dams, rural electrification, transistors, computers, the internet, jet planes, rocket ships, satellites, solar energy, LCD, the mouse, touch-screens, SIRI, search algorithms, GPS, genomics, nanotechnology, and the greatest pharmaceutical industry!
4. About 85% of Congress’ spending becomes cash for our tax payments. We save about 5% of it and spend the rest on imports. More deficit spending by Congress would give taxpayers more after-tax savings and more money to spend on Asian bargains.
5. Unless a trade surplus will always finance our annual net savings, members of Congress seeking a “balanced-budget” law are like fools commanding the tides to ebb!
6. Congress’ spending should be limited only by the onset of harmful inflation when it is controlled by moderate long-term interest rates and by adequate progressive taxes on discretionary incomes, financial transactions, and large estates. More spending would increase inflation; less spending would increase deflation and unemployment.
7. The Fed’s purchase of US debt cuts debt interest rates by reducing the supply. It also effectively reduces the debt and debt interest expense because the Fed gets the interest and principal at maturity and returns 94% of its annual profit to the Treasury.
8. If the interest rate on our federal debt is less than our GDP growth rate, the debt can grow indefinitely and safely since the Debt/GDP ratio will remain or descend well below 100%.
9. Foreign exporters will either accept our dollars and bonds or stop selling us goods. The US dollar’s reserve currency status favors US consumers, traders, etc., and requires that we maintain a large national debt, much of it held by foreign nations.
10. Increased output for the same input is anti-inflationary so inflation is not increased when Congress hires the unemployed to gain infrastructure and productivity. The goods that the unemployed now get with stamps would instead be bought with their salaries, ending the humiliations of the idle poor and the resentments of the working poor.
Excessive unemployment is due only to Congress’ refusal to build infrastructure.

1. During World War II, Americans working double shifts and weekends bought “War Bonds”. At peace, they cashed in their bonds for cars and homes, finally getting the prosperity that enough government spending could have given them a decade earlier, when Hitler’s spending gave Germans prosperity and made him popular and powerful.
2. Our GDP grows approximately $2 for each Congressional $1 spent again and again until either taxed, saved, or exported. Our Debt/GDP ratio dropped from 120% in 1944 to 30% during 35 prosperous years due to moderate inflation and heavy spending on veteran housing and education, the Marshall Plan, nuclear energy, the Korean War, Cold War rearmament, the Interstate Highway, the Man-on-the-Moon, and the Vietnam War.
3. Nobody would refuse a salary boost to avoid a tax hike but, to avoid a tax hike, this Congress refuses to boost our infrastructure! In our past, Congressional spending gave us national parks, dams, rural electrification, transistors, computers, the internet, jet planes, rocket ships, satellites, solar energy, LCD, the mouse, touch-screens, SIRI, search algorithms, GPS, genomics, nanotechnology, and the greatest pharmaceutical industry!
4. About 85% of Congress’ spending becomes cash for our tax payments. We save about 5% of it and spend the rest on imports. More deficit spending by Congress would give taxpayers more after-tax savings and more money to spend on Asian bargains.
5. Unless a trade surplus will always finance our annual net savings, members of Congress seeking a “balanced-budget” law are like fools commanding the tides to ebb!
6. Congress’ spending should be limited only by the onset of harmful inflation when it is controlled by moderate long-term interest rates and by adequate progressive taxes on discretionary incomes, financial transactions, and large estates. More spending would increase inflation; less spending would increase deflation and unemployment.
7. The Fed’s purchase of US debt cuts debt interest rates by reducing the supply. It also effectively reduces the debt and debt interest expense because the Fed gets the interest and principal at maturity and returns 94% of its annual profit to the Treasury.
8. If the interest rate on our federal debt is less than our GDP growth rate, the debt can grow indefinitely and safely since the Debt/GDP ratio will remain or descend well below 100%.
9. Foreign exporters will either accept our dollars and bonds or stop selling us goods. The US dollar’s reserve currency status favors US consumers, traders, etc., and requires that we maintain a large national debt, much of it held by foreign nations.
10. Increased output for the same input is anti-inflationary so inflation is not increased when Congress hires the unemployed to gain infrastructure and productivity. The goods that the unemployed now get with stamps would instead be bought with their salaries, ending the humiliations of the idle poor and the resentments of the working poor.
Excessive unemployment is due only to Congress’ refusal to build infrastructure.

The reason you are not an economist, Merv, is your very premises are infeasible and indefensible. When monies are accumulated by industry, they need to be invested in the future, not given to those who can and should work and add to a country's productivity. That is one way Socialism/Communism deplenishes resources, and Capitalism prepares for the future.

The challenge for capitalism today, given it is not first destroyed by the envious and those who feel unable to compete, is in the determination of how much of earned profits is to be used for present consumption and how much for future consumption. It will vary from industry to industry and from business to business.

I have told you this before.