Let’s say you have a job where you get paid $20 an hour. In a forty hour week, you get paid $800, right? Forget the taxes and stuff, your gross is 40 x $20.00 = $800.
Now, if you spend $20 on a new CD, that leaves you with $780.00. On the other hand, if you cut out an hour early from work on Friday, you’ll only get paid for 39 hours, thus 39 x 20.00 = $780. Either way, you get $780.
So it doesn’t matter if you cut your revenue or spend extra money: twenty bucks is twenty bucks. And when you hear from Republicans that spending money in the Obama stimulus package will increase the debt, remember that their alternative – cutting taxes by the same amount – will also increase the debt by leaving us with less to pay it off with. You’re either spending more money (stimulus) or you’re cutting revenue (tax cuts). Whatever other discussions are of value, this one’s pretty much garbage.