Tuesday, May 12, 2009

Obama's Deficit Spending

The umpty-bazillion dollar deficit is driven by Keynesian spending--"if the Gummint doesn't spend money, who will?" is the theory.

The National Institute of Alcohol Abuse and Alcoholism (NIAA), a part of the National Institutes of Health (NIH), will pay $2.6 million in U.S. tax dollars to train Chinese prostitutes to drink responsibly on the job

I guess the theoretical question is correct.

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