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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2530179, member: 71723&quot;]Aggregate SPENDING equals aggregate INCOME, by DEFINITION. Therefore, saving (the alternative to spending) is anti-economic growth. Saving <b><i>used to be needed</i></b> to provide funding for investment in plant and equipment. It isn&#039;t needed for that purpose any more so saving is an oddity - a MICROeconomic virtue which when taken to extreme becomes a MACROeconomic vice. Therefore, when consumption becomes constrained, government spending augments it to prevent recession.</p><p><br /></p><p>When government spending is properly aimed (toward spending that doesn&#039;t immediately leak out of the economy by purchasing imported goods) it works ABSOLUTELY every time it has ever been tried.[/QUOTE]</p><p><br /></p>

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