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  1. Newsgroups: sci.econ
  2. Path: sparky!uunet!caen!jwh
  3. From: jwh@citi.umich.edu (Jim Howe)
  4. Subject: Re: A Supply Side Call to Arms
  5. Message-ID: <YqG=#k-@engin.umich.edu>
  6. Date: Fri, 20 Nov 92 09:52:22 EST
  7. Organization: IFS Project, University of Michigan
  8. References: <0#F=S+-@engin.umich.edu> <56352@dime.cs.umass.edu> <L2F=lS+@engin.umich.edu> <1992Nov19.204111.13497@beaver.cs.washington.edu>
  9. Reply-To: jwh@citi.umich.edu
  10. Nntp-Posting-Host: tarkus.citi.umich.edu
  11. Lines: 22
  12.  
  13. In article <1992Nov19.204111.13497@beaver.cs.washington.edu>, pauld@cs.washington.edu (Paul Barton-Davis) writes:
  14. |> In article <L2F=lS+@engin.umich.edu> jwh@citi.umich.edu writes:
  15. |> Government spending is inherently political
  16. |> >and has no connection to return on investment.  The government
  17. |> >won't go out of business if it invests improperly, a private business
  18. |> >will.
  19. |> 
  20. |> I beg to differ. The timescales and mechanisms are just a little
  21. |> different, thats all.
  22. |> 
  23.  
  24. How do you figure?  If a politician approves a spending plan which
  25. benefits his district at the expense of taxpayers nationwide, how
  26. is the politician going to be punished?  The people who elected
  27. him think he's great for bringing 'jobs' to their area.  The 
  28. majority of the people footing the bill aren't in his district
  29. and can't vote him/her out of office.
  30.  
  31.  
  32. James W. Howe                  internet: jwh@citi.umich.edu
  33. University of Michigan             uucp: uunet!mailrus!citi.umich.edu!jwh
  34. Ann Arbor, MI   48103-4943         
  35.