So what? It’s still capital improvements; cars are capital, so is fuel, so are Optical, technical, medical equipment.
You have more of these things, you have a more effective economy.
He wasn’t talking about Deficit spending. You just gone goofed.
He was referring to the Current account of the country, which has nothing to do with Government spending.
It’s part of the Balance of payments, which is itself, the aggregate of everyone here, private citizens and businesses, buying goods abroad vs domestic.
No Oaks, you made an assumption, and it was the wrong one. “Deficit” doesn’t simply refer to Government actions or its budget.
In Texas alone, they took up $500 million in net benefit costs after tax payments, but added $18 Billion to the local economy.
So said the Texas State Comptroller’s office, for the year 2006. If they want taxes to pay for those benefits, all they have to do is change their fee structure.
You and CWolf can complain all you want about cultural issues (and Wolf already knows why even that doesn’t hold up), but it when it comes to economics, neither of you have a leg to stand on.
They add to the economy, because economies, like to have labor. This is an immutable fact.
If the labor wasn’t useful, people wouldn’t hire them. It’s that simple.