Wednesday, August 10, 2005

Broken Window Fallacy

Bush: Highway Bill Will Spur the Economy

From the article:

"Highways just don't happen," Bush said. "People have got to show up and do the work to refit a highway or build a bridge, and they need new equipment to do so. So the bill I'm signing is going to help give hundreds of thousands of Americans good-paying jobs."

The president doesn't mention any of the opportunity costs involved with such wasteful spending. For more info see the Citizens Against Government Waste's opinion on the bill.