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  • UTTERLY CLUELESS

    Filed at 9:15 am under by dcobranchi

    Dennis Redovich’s latest weekly column is particularly inane. He first predicts a world-wide depression similar to the Great Depression. No data are provided to back up that prediction (NOTE: data “are”, right?). It then goes from bad to worse, promoting g-schools as an engine of prosperity. Or, more precisely, promoting the money spent on the schools as creating wealth.

    Government spending on programs that benefit largely low and middle class income citizens for education, health and welfare is the greatest stimulus for an expanding and prosperous economy and “also” improve the quality of life for individuals and the entire population. The Milwaukee Public Schools is the largest employer in Milwaukee, and with a budget in 2002-2003 of more than $1 Billion is the largest single source of money for consumer spending in the entire southeastern area of Wisconsin. Public school systems and universities are the largest employers in many communities in the State of Wisconsin. (Education jobs are stable and better than average paying jobs. Better in most cases than the jobs created with millions of corporate welfare that may be gone tomorrow when someone offers a better deal)

    Sure, except for the fact that the money for those high-paying education jobs came from TAXES. Last time I checked, taxes were a drag on the economy. So, schools are just a form of welfare for educrats? Good to know. The rest of the column is no better. Give it a click only if you want to see how the other half thinks.

    3 Responses to “UTTERLY CLUELESS”


    Comment by
    Stephanie Herman
    August 12th, 2003
    at 12:33 am

    :::::Government spending on programs that benefit largely low and middle class income citizens for education, health and welfare is the greatest stimulus for an expanding and prosperous economy and “also” improve the quality of life for individuals and the entire population.:::::

    Typical Keynesian blather. This belief that the government magically grows the economy (ignoring the fact that taxes used to pay these new workers leaves many other workers unemployed) is part of the reason I wrote an economics textbook aimed at elementary-aged kids. We have to teach our kids *young* if we ever hope to escape this type of thinking. 🙂


    Comment by
    Daryl
    August 12th, 2003
    at 5:14 am

    ISBN?


    Comment by
    Stephanie Herman
    August 12th, 2003
    at 11:40 am

    I can’t afford an ISBN at this point… I’m self-publishing.