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10-18-2013, 10:28 PM #1
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Here’s Why You Shouldn’t Care That The Shutdown Took $24 Billion Out Of Our Economy
Here’s Why You Shouldn’t Care That The Shutdown Took $24 Billion Out Of Our Economy
By Brian Carey on October 17, 2013 Subscribe to Brian Carey's Feed@brianmcarey
Liberals are all hot and bothered today about an S&P report showing that the shutdown cost our economy $24 billion. As with almost every other time that liberals are hot and bothered, you can safely ignore them.
Here are a few reasons why you really shouldn’t care that the shutdown took $24 billion out of our economy.
1. The price was worth it
One fundamental truth is indisputably, indelibly imprinted on the minds of most Americans right: Republicans hate ObamaCare.
Therefore, as ObamaCare continues to collapse and lose what little popularity it has left, we think Republicans will emerge as the party of choice for the electorate.
2. We shouldn’t depend on government spending for economic health
One of the problems with this country, which is primarily the fault of our welfare state, is that we have become dependent on government spending to maintain a strong economy. That shouldn’t be the case. The private sector, without government assistance in any way, should drive our economic output.
3. $24 billion is .14% of our 2012 GDP
Our nation’s 2012 GDP was over $16 trillion. We don’t think that shaving $24 billion off of that number really made that much of a difference.
4. Furloughed government workers are getting back pay
It’s not clear that S&P took that fact into account in their analysis.
5. GDP growth only decreased by .6%
That’s another pretty small number.
(Images)
http://downtrend.com/brian-carey/her...f-our-economy/
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