josh5555 | 14 years ago | on: Barack Obama Directs All Federal Agencies to Have an API
josh5555's comments
josh5555 | 14 years ago | on: Every $1 spent on food stamps resulted in $1.73 in GDP growth
How is spending more than your revenue a long term plan? The only legit reason would be in a time of war or major disaster. Our entitlement spending and union retirements are a mirror image of Greece but on a much larger scale. We owe more per capita than Greece (don't forget to include unfunded liabilities).
Sure, we can devalue the dollar but too much inflation will be a very bad thing - just ask Zimbabwe.
I'm all for helping the poor and believe in reasonable safety nets, but the problem is they are being chronically abused in this country. I live in NYC and see the abuse first hand every day, in the checkout line seeing able bodied people using foodstamps (EBT cards). Come on man, really?
My point is food stamps and entitlements are definitely not an economic tool.
josh5555 | 14 years ago | on: Every $1 spent on food stamps resulted in $1.73 in GDP growth
Our government is broke and wasting money left and right. The spending spree is not sustainable.
Take a good look at Greece. That is the future of America if we keep spending money this way.
josh5555 | 14 years ago | on: Functional programming for Object Oriented programmers