Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Doesn't the Affordable Hwalth Care Act(Obama Care) ?
threaten Welfare, Acorn & PBS?
After all it is comprehensive "All" inclusive & preventive
4 Answers
- 8 years agoFavorite Answer
Hundreds of years and trillions of dollars of government spending have given us roads and bridges, schools and clinics, police and fire stations, courts and prisons, and the armed services that protect everything else. Spending is good!
To stay ahead of China, we need to spend trillions of dollars more, not less, on infrastructure, including defense. Spending is good!
By spending more, government could put to use such idle resources as the twenty-five million unemployed and underemployed Americans who are drawing benefits instead of creating wealth. Real government waste is caused by NOT spending to convert idle resources into wealth. Spending is good!
Government spends too much only when it buys scarce resources that could be better used by the private sector. Our scarcest resource is energy and the only way to increase it is by spending more, not less, on energy resources: wind, solar, geothermal, nuclear, coal, and oil. Spending is good!
What’s bad? Borrowing is bad and paying interest to bond-holders is worse. Why can’t we just print our own damn money? In wartime, both Lincoln and Roosevelt printed money with great success. Out of desperation, both resorted to an excellent idea that should be used just as successfully in peacetime.
In fact, any stinking little corner branch bank can create money out of thin air so that you can buy a home and pay back the loan with interest. So, why can’t our almighty Congress create money out of thin air to repair a bridge which will pay for itself over 50 years?
Pros and cons? Pro: Print just enough money, not more, and full employment will create Heaven on Earth. Con: inflation, if you either print or borrow too much money. The only difference between printing and borrowing is that borrowing increases debt interest expense, a fiscal drag on the economy.
When idle resources become scarce and inflation begins, that’s the signal for government to reduce printing and raise interest rates. It’s like sprinkling the lawn: stop when it’s wet enough! Voila! Heaven on Earth!
Print the damn money!
Google: Economics faculty, UMKC; http://www./ NewEconomicPerspectives.org
- 8 years ago
Obamacare is gonna put us more in debt, kill more lives, especially the elderly...you're gonna see a Agenda 21 (UN's agenda aka 21st century Holocaust)! It won't be overnight...it'll take time but it will be happening rapidly once Obamacare is set in and all. Anything forced on human beings is never a good sign...especially a medical need. Leave it up to people to decide for themselves if they want to have insurance and what care they need, that's discussed with their doctor not 19 beauracrats from government. I think Americans need to study past history...as long as they stay ignorant Washington will do whatever they want because people let them.
- ?Lv 48 years ago
I can see that giving people access to health care will kill them- argument made (in a Parallel universe)
Canada has a much better health care system, where in the US people have the "right" to die as they can't afford treatment
- JcLLv 68 years ago
No because if you are an Obama backer, he will give you a waiver that exempts your company from Obamacare.