Changes

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.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> In addition, Keynes advocated that governments should increase government spending during difficult times and even engage in [[deficit spending]]. Keynes was against large structural deficits.<ref>http://money.cnn.com/2010/02/04/news/economy/meltzer_keynes.fortune/</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 [[Obama administration fiscal policy|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.<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> In addition, Keynes advocated that governments should increase government spending during difficult times and even engage in [[deficit spending]]. Keynes was against large structural deficits.<ref>http://money.cnn.com/2010/02/04/news/economy/meltzer_keynes.fortune/</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 [[Obama administration fiscal policy|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.]]   

==Biography==

==Biography==