Comments for sursumcorda.salemsattic.com/post/president-obama-s-budget-proposal

Comment #3527

2013-04-14T18:45:21Z

Amen about the one-time economic benefits of nearly doubling the work force. It was a good boost, briefly, then salaries dropped because the labor supply supply increased; surprise, surprise.

Another one-off benefit to economic growth was credit cards. Okay, there is some ongoing benefit in terms of the "velocity of money," but mostly we fueled economic growth by stealing from our future.

Comment #3526

2013-04-14T13:53:01Z

There's one disadvantage for shorter terms: it's harder to get anything done in just one term, but especially something simultaneously necessary and unpopular.

Comment #3525

2013-04-14T12:21:36Z

My last comment wasn't intended to be a slam against our current president, but applicable to all.

Comment #3524

2013-04-14T11:08:02Z

I'm beginning to like the Swiss idea of one-year terms. :)

Comment #3523

2013-04-13T17:39:52Z

Is that $205,000 in 2013 dollars?

They're all questionable, but #2 bothers me most. The only reason to discourage saving is to give the economy a once-off boost from the extra money spent (just like I think trying to get all women in the paid workforce will only result in a once-off economic growth - and that largely because hitherto unpaid work has been monetized). It's more short-term thinking from folks whose terms aren't short enough...