"Seeking to prove that “government spending does not create jobs,” anti-tax advocate Grover Norquist said that fiscal stimulus amounted to moving buckets of water around a lake, an overly simplified analogy that is nothing more than a rhetorical mirage…
Norquist’s misleading metaphor serves to perpetuate the zombie lie that government spending always crowds out private investment. Nobel Prize winning economist Paul Krugman eviscerated that claim back in 2009…"
Norquist’s misleading metaphor serves to perpetuate the zombie lie that government spending always crowds out private investment. Nobel Prize winning economist Paul Krugman eviscerated that claim back in 2009…"
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Norquist Dredges Up Shallow Lake Analogy To Criticize Stimulus
Poor right-wingers. It just eats them alive that once again, their anti-government propaganda foundered on the rock of reality. The stimulus worked. This is simply not debatable. — Ryking
(via ryking)
(Source: diadoumenos)
Myth #1: The stimulus failed.
Everyone from the nonpartisan Congressional Budget Office (PDF) to private-sector forecasting firms have concluded that the 2009 stimulus package increased economic growth, reduced unemployment, and put millions of people back to work. It just wasn’t big enough, or long-lasting enough.
(via Mother Jones)
Does the U.S. Tax its Billionaires Less Than Most Other Rich Countries?
Of course we do. In some European cases, by a significant margin. http://tinyurl.com/6a37x6r
