The CRC Review is your source for common sense commentary covering the public policy and salient topics impacting our national economy and overall society.
Some people feel that government spending is possible without limitations. These individuals are wrong. There are numerous examples throughout the world that excessive government spending negatively impacts an economy in the long run and devalues currency.
There is a need for government spending in times of crisis or economic instability but spending needs to be limited. The best approach is to utilize on what is needed before the private sector is able to provide for society once again. There is multiplier effect in terms of growth in private sector spending, whereas some economists believe there is a suppressing effect with public spending.
Our spending also should not fully subsidize poverty rather help to elevate people towards income mobility. There will always be some people in need of perpetual assistance, but every able-bodied citizen should be working and contributing to our society.
In this podcast, I discuss how our government spending can be made more efficient and effective. Additionally, I discuss salient current events. Please click above to experience The Money We Spend.