Discredited Keynesian Economics

Spending money you don't have doesn't work. even if you're the government and can print as much as you wish. "The Heritage Foundation does not believe in Keynesian economics [Neither do I. -RT]. We do not believe that massive government spending has a ‘multiplier effect’ which turns the initial amount of money spent by the government into an even greater increase in national income. Economic studies of projects claiming to have a ‘multiplier effect’ have shown that the claimed additional economic benefit from government spending simply never materializes. But the White House does believe in Keynesian economics. And President Barack Obama's entire economic plan is grounded in the belief that massive new government spending is the key to economic recovery. So the Washington Post reported Saturday." All massive government spending does is take money from those who EARN it and give it to those who DON'T. (The Heritage Foundation)