This morning NPR interviewed economist Dean Baker. He claimed that there is too much focus on the budget deficit in recent months and that if anything the federal government needs to be spending MORE money. He believes that job creation should be focus of discussion and even went as far as to say that there is no difference between the private sector spending money to create jobs and the government spending money to create jobs.
I beg to differ. The difference is that a business can be forced to close it’s doors. The government will just continue to borrow money and raise taxes.
There is a big difference, Mr. Baker.