| | Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]] | | Although government certainly is necessary, the more efficient private sector is better at creating economically productive jobs and other economic activity such as [[investment|investing.]] |
| − | It is ironic that [[liberal]]s such as [[Barack Obama]] advocate Keynesian economic concepts since [[John Maynard Keynes]] advocated having governments run [[budget surplus|budget surpluses]] during good economic times and then governments should increase government spending during difficult times and even engage in [[deficit spending]]. <ref>EK Brown-Collie and Bruce E. Collier, What Keynes really said about deficit spending, Journal of Post Keynesian Economics, Vol. 17, No. 3, Spring, 1995</ref> Liberals such as Barack Obama [[American Recovery and Reinvestment Act of 2009|advocate massive U.S. government spending]] during a period when the federal government already has a massive amount of existing debt. Furthermore, Obama's colossal government spending was inefficient and [[American Recovery and Reinvestment Act of 2009|did not pull the American economy out of its economic problems]], but merely [[Obama administration fiscal policy|buried the U.S. economy under more debt.]] | + | It is ironic that [[liberal]]s such as [[Barack Obama]] advocate Keynesian economic concepts since John Maynard Keynes advocated having governments run [[budget surplus|budget surpluses]] during good economic times and then governments should increase government spending during difficult times and even engage in [[deficit spending]]. <ref>EK Brown-Collie and Bruce E. Collier, What Keynes really said about deficit spending, Journal of Post Keynesian Economics, Vol. 17, No. 3, Spring, 1995</ref> Liberals such as Barack Obama [[American Recovery and Reinvestment Act of 2009|advocate massive U.S. government spending]] during a period when the federal government already has a massive amount of existing debt. Furthermore, Obama's colossal government spending was inefficient and [[American Recovery and Reinvestment Act of 2009|did not pull the American economy out of its economic problems]], but merely [[Obama administration fiscal policy|buried the U.S. economy under more debt.]] |