Can the Government Run the Economy?

This is pretty easy to understand. Let's break it down into if a person ran the government like a personal account.

If a person wrote checks that they did not have money in their account how long would it take before the police showed up at their door? How about if we decided that we needed things. We can argue back and forth wither they are actually needed, but we take out loans to pay for those "needed" things. We have no plan on how we are going to pay them back. When the bill comes due or we "need" more things we just borrow more money...over and over and over again. At some point people are eithe unwilling or can't loan any more. What happens then? Do you want that person managing your money?

So the answer is no. The government can not run the economy. Well at least this government. Whoever the next President is is going to have to work very hard to stabilize all of the money that we don't have that has been dumped into the economy to make it look like growth. If they can't do it kiss your 401K goodby.

The Soviet Union attempted this and it was fraught with inefficiency and corruption.