You missed one step. When somebody from prior generations does this to you, be sure to shift the debt further downstream while adding to it. It's a lot like musical chairs - eventually the music stops and somebody is going to get royally screwed. Since it's some future generation chances are good they'll be the biggest Keynesians of all so they'll deserve it in spades. LOL.
what the Clinton administration proved by generating so much tax revenue from increased services and demands for services as well as profits as well as wealth distribution that the basics of economics, remember Eco101 and Eco9101 ?? the velocity of money (as its applied to Public Administration --- remember that's where you get your Masters Pub. Admin) when you sponsor jobs creation, then the demands for transportation and all other goods and services increases, the resultant tax revenue from just getting the entire pool of capable workers contributing has a multiplier effect to the extent of 2.6 to 1 and higher.... the US Gov't generated so much revenue that they did something that our generation never thought would ever be done, especially since Reagan plunged the US into debt more so than the previous ones, we paid off the 30yr Bonds and then accumulated a $1.4 TRILLION surplus... so it not only can be done, but has been done and needs to be done again, not feared...
Yes, being President during a major technological shift is certainly a boon. The rest is a fairy tale, Algore's claim of inventing the Internet notwithstanding. But other than the tax hike, Clinton really wasn't bad at all economically. Supposedly he's very critical of Obamanomics when he speaks off-record, too.
basic concept #2, workers have disposable income for goods and services above their minimal needs for survival, which goes back into the economy (hence the velocity factor) private sector jobs do NOT always nor consistently remain stable or superior to municipal sector jobs, hence the notion of frequent layoffs, hiring freezes and such, however, to the extent that they pay a surplus over the public sector, then those workers have even more disposable income, the need to work overtime or increase comfort leads to the purchase of additional services such as lunch instead of bringing ones' own; such as more luxurious autos over public transportation; such as more clothes over just wearing the same ole... no, both categories of workers dispose of their disposable income, which is what creates and contributes to the velocity factor, taxes are paid at each exchange, and the public sector increases revenues incrementally, vacations are taken, trips are bought, services are contracted, and so on.... Eco101 and Eco102 and Eco103, as well as Eco9101-9103
Too pathetic, private sector jobs must respond to market conditions(consumer demand), plus they are saddled with the obligation to generate enough surplus to support public jobs. Public jobs are notoriously immune to economic reality. Public sector job stability comes directly at the expense of the private worker.
the effect of unionization no doubt... whatever the reason for their immunity, those that have are envied by those that don't have (jobs, whether from the private, public or quasi private sector)....