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Representative John Yarmuth (D-Ky.) is Chairman of the House Budget Committee, which is playing a key role in crafting the .5 trillion reconciliation bill currently being debated in Congress. During a speech to the Louisville, Ky. Rotary Club in June, he explained why he believes the government can borrow and spend the trillions under discussion without any negative impact on the economy.…Not only would not have a negative impact, it would have a positive impact on people's lives by investing public funds created by the state in public resources, thereby increasing productivity and raising the living standard. Of course, the devil is in the details and spending for the sake of spending y is not guaranteed to produce positive outcomes. Rather, government spending needs to be tightly
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Representative John Yarmuth (D-Ky.) is Chairman of the House Budget Committee, which is playing a key role in crafting the .5 trillion reconciliation bill currently being debated in Congress. During a speech to the Louisville, Ky. Rotary Club in June, he explained why he believes the government can borrow and spend the trillions under discussion without any negative impact on the economy.…Not only would not have a negative impact, it would have a positive impact on people's lives by investing public funds created by the state in public resources, thereby increasing productivity and raising the living standard. Of course, the devil is in the details and spending for the sake of spending y is not guaranteed to produce positive outcomes. Rather, government spending needs to be tightly
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Mike Norman considers the following as important:
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Representative John Yarmuth (D-Ky.) is Chairman of the House Budget Committee, which is playing a key role in crafting the $3.5 trillion reconciliation bill currently being debated in Congress. During a speech to the Louisville, Ky. Rotary Club in June, he explained why he believes the government can borrow and spend the trillions under discussion without any negative impact on the economy.…Not only would not have a negative impact, it would have a positive impact on people's lives by investing public funds created by the state in public resources, thereby increasing productivity and raising the living standard. Of course, the devil is in the details and spending for the sake of spending y is not guaranteed to produce positive outcomes. Rather, government spending needs to be tightly targeted toward public purpose in light of both contemporary needs and long-term distributed prosperity.
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