It’s not an “investment” its “spending”

Posted: November 18, 2010 in economy, opinion/news
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Investment

1. In finance, the purchase of a financial product or other item of value with an expectation of favorable future returns. In general terms, investment means the use money in the hope of making more money.

2. In business, the purchase by a producer of a physical good, such as durable equipment or inventory, in the hope of improving future business.

investing:

to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value.

spending

to pay out, disburse, or expend; dispose of (money, wealth, resources, etc.): resisting the temptation to spend one’s money.

deficit spending

The amount by which a government, company, or individual’s spending exceeds its income over a particular period of time. also called deficit or called budget deficit.

I have had very little time to listen to Morning Joe lately as the Radio Show premiere is under 55 hours away and as the latest member of the 99 week club I have to be off selling ads or my mortgage will not get paid.

Today I had some time after dropping my son off at school and I had the displeasure of listening to John Kerry’s rant this morning.

In addition to boasting about the democrats win in Massachusetts (with a little help from their friends) John Kerry talked about how people have been decided by the republicans about taxes.

He repeatedly talked about government “investments” but then mentioned corporate “spending” on lobbyists to stop good things like carbon and energy taxes.

This is the height of liberal speak. So lets bluntly say aloud what needs to be said:

Government doesn’t produce anything. Every Dollar that Government has is collected in taxes or fees or fines from either the public or businesses. The only exception I can think of are leases of government (read the people’s) property.

Government doesn’t invest it SPENDS. It may spend on useful things , the Military, food inspections, the National Weather Service, but these are not investments it is spending.

Business however when it spends it does so for a return. That is a true investment. Even the use of lobbyists to effect a law is an actual investment with the expectation of a return.

I have one simple rule. If an official refers to spending as an investment, that tells me that they can’t justify it without wordplay.

Have some guts! If you think your spending is good and worthwhile and justifiable then call it what it is and defend it, but don’t’ insult my intelligence by calling it an “investment”.

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