Sunday, October 4, 2009
Deficit spending, short and simple
Mr. Keynes over there would like to splain something to you wild n crazy Obama-hatin' deficit hawks.
You just rented an apartment. You're told you can move in the day after the previous renter left, only to come and find out it's completely trashed. Now you know there's some good shit mixed in with the garbage, and you kinda want that good shit. So you (or, more likely, someone hired by the landlord) is going to spend some time moving shit around, stacking it, and generally taking up a lot of space -- in other words, making things worse to make them better. At the end of a couple of days, or maybe a week, you'll be able to get around your apartment just fine and have a pile of neat crap that the old tenant couldn't be bothered to take with him.
The mess? That's the Bush economy. That cleaning process? That's deficit spending. And having seen firsthand what a truly trashed apartment looks like, that shit ain't going to be over the moment someone starts cleaning. For you computer geeks out there who haven't had a clean room since elementary school (that would be me), think of the deficit as swap space. You've only got so much real memory/money to do things; you need lots more space to move shit around.
Deficit spending is not a difficult concept, people. Stop listening to what they tell you on Fox News or at Ron Paul circle jerks and learn some mainstream economics.