Aug
11
Fiscal Conservatism
Filed under (Politics) by The Cubelodyte on August 11, 2008 @ 02:39 pm

moneyWhile watching the Olympics this weekend I was subjected to an ad warning that an Obama Presidency would bring higher unemployment. “Higher taxes, more government spending, so, fewer jobs”, according to the voiceover.

While I understand the logic about higher taxes resulting in fewer jobs (i.e., those poor rich folks are ruthlessly prevented from selflessly creating minimum-wage jobs if they are forced to pay luxury taxes on their yachts), I don’t understand why more government spending would result in fewer jobs; increases in federal spending parlay into more jobs in both the public and private sectors. I mean, seriously, where do you think that money goes if not to salaries and contracts? There’s only so much surplus cheese lying around, after all.

Still, looking at the bigger picture, we can clearly see that all these latter-day, New Deal-hatin’ conservatives are clearly the only ones who can save us from runaway government spendi—

debt graph

Or, you know, not.

 


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