Why It's Patriotic to Spend

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Much has been said about ‘job creators’ lately, whom conservatives say we should thank and worship as saviors and custodians of the economy. I agree, except I disagree about who exactly in society actually creates jobs. Right wingers will claim that it is businesses who create jobs, but this is just a simplification of how the economy really works. Enlightened progressives look past the entrepreneur and the manager, and consider where the business got the money to pay its employees. The answer of course, is its customers, who took it upon themselves to spend their hard earned savings and credit on the goods or services offered by the business owner. For this, both the share holders and the employees should be thankful, since without the consumer, they wouldn’t have the privilege of drawing dividends or salaries.

Nobel prize winning economists, such as Dr Paul Krugman and Dr Joseph Stiglitz, agree that spending is the life blood of an economy. Furthermore, this is especially true if you have a consumer economy as opposed to a manufacturing economy, which is true of America. Economists call this life blood, ‘aggregate demand’, which is a technical term for the total amount of spending in an economy. The higher aggregate demand is, the more money businesses make, and the more people they hire and the more investments they make.

Thus, spenders are to thank for all economic growth, and for the products and services that we consume and cherish every day. Yes, that’s YOU, the consumer – you are the true job creators, the true entrepreneurs, the real backbone of the economy. So next time some smug, self-important conservative tries to tell you to thank business owners for their ‘contributions’ to society, you can educate them on how the economy truly works, and that it is you that deserves praise and thanks, not business owners who simply profit at the expense of the consumer.

1 COMMENT

  1. I agree 100%. Spending and debt are what drive the economy. Top, elite, accredited economists have PROVEN this with the science of economics.

    The more we spend and borrow, the richer we are. Debt = wealth. This is so well-established by now that only delusional right wingnuts would purport to dispute it. Even their all-time hero, Ronnie Raygun, knew it.

    The economy is very complex…one needs a PhD in economics from a top, accredited university to even understand how it works and how it is guided by elites from the Federal Reserve and government.

    Progressives know these things well, they are the generation in the most debt and so they are helping the economy most. Obama has rightly pointed out that college degree holders earn far more on average than those who have no degree, so his proposal to send everyone to college so we can ALL earn more is nothing short of sheer genius. This is why we really need to amend the Constitution to permit 3rd terms and beyond. The progressive generation has jumped on the realization to go to college and expand their minds with new experiences and degrees in valuable pursuits like women’s studies and social justice.

    Diversity is what matters, and people studying that are the most plugged-in to the new economy. If their degrees require $100,000 in debt, think about how much they’re helping the economy! It’s like perpetual motion.

    Some people won’t spend, however…savers, libertarians, Nazis, nutcases. The government is right to use its taxing power to force them to spend. Some won’t borrow…again, Nazis, racists, homophobes, bigots…so the government has stepped in to borrow for them. THIS is the power and miracle of progressivism.

    Some business people are stingy and won’t raise the wages of their employees…government takeovers are in order to force them to. If we are ALL paid more, we can ALL spend more. I don’t know why scrooge like republicans, Nazis, racists, and libertarians cannot simply SEE and ACCEPT this.

    • Yes, it may seem to the layman that debt is bad, but a simple economics 101 course will tell you that debt is used to finance economic expansion. It’s simple – the more people spend, the more money businesses make, the more employees and shareholders make, and the more they can spend. It’s a virtuous cycle that can continue to infinity, as long as people DON’T SAVE and let the cycle collapse. Savers are nothing short of economic terrorists. They are the precipitators of every economic collapse and every economic slump. Borrowing at least 500,000 dollars should be mandatory for every American citizen. If you’re not doing your part, then you’re part of the problem.

  2. No wonder there are no poor in America! we’re all so rich from the debt! the debt like this:
    Laurence J. Kotlikoff served as a senior economist on President Ronald Reagan’s Council of Economic Advisers and is a professor of economics at Boston University
    “If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That’s the fiscal gap,” he says. “That’s our true indebtedness.”
    We don’t hear more about this enormous number, Kotlikoff says, because politicians have chosen their language carefully to keep most of the problem off the books.

    “We’ve got 78 million baby boomers who are poised to collect, in about 15 to 20 years, about $40,000 per person. Multiply 78 million by $40,000 — you’re talking about more than $3 trillion a year just to give to a portion of the population,”