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by guywithahat
263 days ago
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The most incredible piece of logical gymnastics I remember from civics/history class in high school was that during economic downturns, we need government to spend more to help people, and during economic growth we of course also need more government to manage all the new growth. At no point do we cut the spending we've added, because it would always hurt those who have jobs. People like to criticize DOGE for going after smaller amounts (like hundreds of millions instead of tens of billions) but those are still hundreds of millions that could be put elsewhere, or even returned to the taxpayer or put towards federal debt. The biggest concern with DOGE is that much of the spending is just going to come right back during the next election cycle |
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The claim is that the government should act as a stabilizer: spending to drive aggregate demand during downswings (especially ones caused by external shocks) and regulating during up-swings.
In other words, "more" refers to different things and in different proportions in different phases of the business cycle; it's emphatically not a "heads-I-win-tails-you-lose" sort of thing.