dhellew3 Wrote:
Aug 05, 2012 12:23 PM
RE PhillupSpace: John, this time I must disagree with part of you analogy. While it is true that government payroll spending does return some of the money to the economy, it was first taken from the economy. Even if 100% of the money was spent and returned to the economy it would at best be a wash. With the few exceptions like the Postal Service that sells postage, government does not generate income therefore cannot contribute the economy. By IRS definition and accepted accounting practices, government is a non-income producing overhead expense to the private sector.