Auction Highlights Drop in U.S. Capacity - WSJ.com
Let's see?
Government borrows capital that the private sector could use. There's less capital for business. So, businesses have to disgorge capital to feed the maw of government.
Now, government takes the capital and gives it to what it considers the poor and disadvantaged.
The poor and disadvantaged consider the capital as income and they spend it.
Net for society = less capital, less businesses and less jobs.
(As with European socialism - is this a surprise? It shouldn't be.)
Monday, May 17, 2010
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