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The problem with your argument is as follows:Every dollar that the government spent on these projects was first either taxed or borrowed from the economy. If government takes $100 dollars from the economy and uses it then come back an generate $105, you can point to this as a success since government expanded the value of that money.However, that also means that the private sector has $100 less to work with. The private sector is often more efficient than government, so it is likely the private sector could easily turn that $100 into $110 (as an example), making us all better off. No one disputes that government spending can have a good impact, but to argue that it is such a great thing assumes that the government is better able to spend than the private sector...something that is rarely the case.
The problem with your argument is as follows:
Every dollar that the government spent on these projects was first either taxed or borrowed from the economy.
If government takes $100 dollars from the economy and uses it then come back an generate $105, you can point to this as a success since government expanded the value of that money.
However, that also means that the private sector has $100 less to work with. The private sector is often more efficient than government, so it is likely the private sector could easily turn that $100 into $110 (as an example), making us all better off.
No one disputes that government spending can have a good impact, but to argue that it is such a great thing assumes that the government is better able to spend than the private sector...something that is rarely the case.
