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Old 02-02-2009, 11:52 PM   #8
Schneed10
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Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
Posts: 12,458
Re: Economic Stimulus: Tax Cuts vs Government Spending

Quote:
Originally Posted by Trample the Elderly View Post
I'd like to know if this scenario is truthful. I'm not B.S.ing you Schneed. The government borrows money from China, Japan, and or Dubai. The government then gives that said money to the public. The public then goes out and buys goods manufactured in China and Japan. Is that a logical statement?
Yeah but you make it sound like that's a bad thing for the US. It's not.

Many of those companies employ our workers, many assemble or make their products here, many of those companies' shareholders are US citizens, and they all pay taxes in some form or another to the US government (albeit with plenty of loopholes).

The US derives more overall benefit by buying the product that brings the most value for the money, regardless of the company's origin.
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