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It Is Government Spending That Creates Jobs???

By
Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

I read a commentary today written by Five Star Institute Economist, Mark Lieberman, on January 18, 2013, titled "Let Them Eat .... Nothing" which has left me almost speechless.  I find it hard to understand how a seemingly intelligent individual comes to the conclusions that Mr Lieberman makes through out this article.   The article is about the on going debate in Washington on spending cuts and extending the debt ceiling.  The article would have been better titled It Is Government Spending That Creates Jobs???

Mr. Lieberman's article and conclusions seem to be the same as many of the politicians in Washington who believe the answer to solving this countries problems is to spend, spend, and keep on spending.  Many of the politicians in Washington, and Mr. Lieberman share a common belief that it is government spending that solves all problems.  This theme rings throughout the article, but none more clearly than this one particular statement that he makes: 

"For Obama to agree to this round of spending cuts or indeed any spending cuts now would undermine the slow but steady improvement in jobs and the economy. To be sure, government doesn’t have to be the employer of last resort, but virtually every dollar government spends means a job for someone. Maintaining debt stability allows that spending and job creation continue."  

WOW, so the government is justified to continue their uncontrollable spending, because it is their uncontrollable spending that is creating jobs.  This is truly amazing, It Is Government Spending That Creates Jobs???  The last time that I checked it seems to me that it is government's uncontrollable spending that is putting this country out of jobs.

 

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 Info about the author:

George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com

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George Souto
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I am a Mortgage Loan Officer who can assist you with all your mortgage & refinancing needs in
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I can assist you with your Conventional,
FHA, CHFA, VA, USDA, & 203K loan programs.

I reside in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Haddam. E. Haddam, Higganum, Chester, Essex, Deep River.

 

Comments(29)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Joe, I guess at my age I should not be surprised, and should expect it, but it is still mind buggling

Richard absolutely our Congressmen that are hard at work spending all that money deserve a raise :)

Ginny that is because it is not about the people that they are supposedly there to serve, it is all about them and making sure they have enough money from Lobbyists to stay in office.

Frank I agree, but government seems to think they need to be our mommy and daddy, and control everything in our lives and businesses.  It is up to the voters to change that thinking but to date voters just keep on putting them back in office, so the politicians have no reason to change.

Kevin, but who has set up that system?  I think both you and I know the answer to that.

Joan that is exactly it, and we do not need any more of those jobs.

Lenn you can go on for as long as you want.  The jobs they create are not the jobs that put the average American worker back to work.  It is jobs through pork barrel spending and payoffs for those that make generous political contributions to their campaigns.  I had the feeling the title would get your blood going a little bit :) :) :)

Jan 26, 2013 01:18 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Chuck there is truth to what you say, but I for want do not want government making decisions for me, especially with their track record.  I think I can do it better myself.

Freida, your comment would make an excellent blog.  I totally agree.  I did not see that program but I will check out the website.

Jan 26, 2013 01:25 AM
MaryKay Shumway
The Kellstrom Ray Agency, Inc. (Est. 1948) - Sister Bay, WI
Door County Wisconsin's Real Estate Expert
Great post. It's nice to raise awareness. Well done
Jan 26, 2013 01:50 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

MaryKay, thank you.  Our country needs to stop voting along party lines, and start paying attention to what they are really doing.  However we can bring some awareness to that we need to do so.

Jan 26, 2013 02:18 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

George,

Remember high school and college "Debate Class!" They would randomly assign a subject and just as randomly decided if you were to speak for or against the subject. The student debater would be given time to research the topic then speak to the subject.

It didn’t matter how you felt. You spoke the company line. There is more to this, but you get the idea. This evil will say anything to win. These liberals expound the absurd while hiding their true movotation and salivating like a mad xanthippe.

We can’t forget their audience! The direct themselves to the gullible, the ignorant and the stupid!

Bill

Jan 26, 2013 02:31 AM
John Fauth
Coldwell Banker King Thompson - Grove City, OH
Turning your dreams into an address!

All I know is if I keep spending more than I have coming in I loose everything. There is the answer. However if we could think like the government it would be great for us to just vote on a debt ceiling increase for our clients! Despite what underwriters want. I know I would close more deals if they would!

Jan 26, 2013 02:59 AM
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA

George -- you forgot that you live and work in the real world, and he is tied up in ivy covered halls of academia or the governmental fog of DC.  Believe Jay Markanich would have some wonderful things to say about this.

Jan 26, 2013 03:14 AM
Beth and Richard Witt
New York, NY
The best Retired Brokers !!!!

George... I am pleased that someone at AR saw fit to give you a Feature on this post... I too am speechless and totally perplexed about the fact that American people have elected these politicians...  I am sad to say that I believe the USA is totally on the decline and I'm not sure how we can stop it...

Thanks for a great post and have a Happy Day... Beth

Jan 26, 2013 03:23 AM
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Of course government spending increases jobs.  If a road needs to be built, the government gives a contractor money, which in turn goes towards a payroll.  The contractor signs the paychecks that goes to the workers.  If the government goes to war, jobs are created to build the material needed tfor that war.  Best part is the government takes 25% (or thereabouts) from each dollar earned in taxes.  The workers then sspend money on houses, at the local furniture store or restaurant or computer store, etc.  Thus, a dollar moves through the economy, getting taxed along the way, of course.

Jan 26, 2013 04:58 AM
S. Leanne Paynter ☼ Broward County, FL
United Realty Group, Inc. - Davie, FL
Davie, Plantation, Cooper City & Weston Specialist

Anyone who doubts that government spending does much outside of putting/keeping more money in the pockets of politicians, lobbyists, overpaid government workers, political contributors and people in & around the DC area needs to watch Sean Hannity's special "Boomtown".  If the government were run like a private company, we wouldn't have the out of control spending and deficit we have.

Jan 26, 2013 05:26 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bill, the problem is that I know people who should no better, but are blinded by party labels, which I guess gives truth to your last sentence.

John ....... LOL ...... I am in, now how do we make that happen :)

Steven I would love to hear what Jay has to say :)

Richard & Beth the only hope is to try to point out the obvious and hope they look at what is happening instead of what politicians claim to be happening.

Gary that is a very expensive way to get a dollar from the Tax Payers pocket to the pocket of those workers.  The politicians, their staffs, and the pork that gets paid along the way eat up most of those Tax Payer Dollars, and those companies and workers that you talk about get the crumbs that are left over.  If roads, and military related jobs is where the so creation of jobs ended then an argument could possibly be made, but that is not what they are talking about.  Their message is that they are the best option of all jobs, and that is a message that will not sell even with the amount of over spending they are throwing at it.

Leanne, you are the second member to comment on "Boomtown" I have not had a chance to check it out yet but I will.

Jan 26, 2013 06:02 AM
Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Wake up everyone! The government wants to conrtol you & everyone & there is no better way than to bankrupt the economy. READ your history. Hitler printed more money, got your guns, & burned the Reichstag & blamed his own citizens the Jews who he wanted to get rid of alon with the Catholics. Where did Hitler get his MONEY. Americans are the perfect target to be taken over. Jim

Jan 26, 2013 07:48 AM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Nobel Peace prize winners say more government spending the better for jobs and economy. I laugh, then become sober because the main stream media promotes this nonsense and the public who doesn't know much about economics, finance or world history, believe the garbage and lies. Folks need to educate themselves and not on tv. Jimmy #21 above has got it right: Read and study your world history. Learn economics. Don't listen to Jamie Dimon of JP Morgan who says people don't need to know how banking works because it's "too complicated." Nothing is too complicated to learn and study if folks want to take the time to and not shut out the bad news -- especially banking, it's not rocket science and it's not that complicated.

Jan 26, 2013 08:35 AM
Joel Weihe
Realty World Alliance - Wichita, KS
Helping you to use your VA home loan benefits

Starting a political discussion on active Rain. Dangerous? I'm sure there are those that would disagree with you but before we start casting blame about whose doing all the spending let's make sure we have all the facts. Great post to raise awareness and maybe get folks to research and understand how the great experiment has failed.

Jan 26, 2013 10:08 AM
Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Good Evening, George!! It just makes you want to pull your hair out, doesn't it! :))))

Jan 26, 2013 10:25 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

George, that is just another way to describe 'pork barrel legislation' and politicians just love adding dollars to satisfy their home interests. Most of those dollars just go on to fill up already stuffed pockets.

Jan 26, 2013 10:51 AM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

George -- When conversation and news coverage about Mrs. Obama's bangs takes priority over trying to figure out how to get this country out of the mess it's in, the problems are NEVER going to be solved.

Jan 26, 2013 11:03 AM
Steve Warrene
Your Town Realty - Lower Burrell, PA
Pittsburgh Realtor North and East Pgh.

George, It's more "smoke and mirrors" that they are trying to create to help cover up the "smoke and mirrors" they already used to get us into this deep financial mess.

Jan 26, 2013 11:09 AM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

George - Imagine if we could just print money or get it off the money tree and didn't have to conform our spending to our income.

Jan 26, 2013 02:15 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Maybe we'll all end up working for the government ??????????????????????????????????

Jan 26, 2013 09:20 PM