Of course that's pretty much the same thing isn't it?
This may seem hard to believe. The New Deal famously placed millions of Americans on the public payroll via the Works Progress Administration and the Civilian Conservation Corps. To this day we Americans drive on WPA-built roads and send our children to WPA-built schools.
Didn't all these public works amount to a major fiscal stimulus?
Well, it wasn't as major as you might think. The effects of federal public works spending were largely offset by other factors, notably a large tax increase, enacted by Herbert Hoover, whose full effects weren't felt until his successor took office. Also, expansionary policy at the federal level was undercut by spending cuts and tax increases at the state and local level.(snip)
What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided a fiscal stimulus adequate to the economy's needs.
This history offers important lessons for the incoming administration.
http://www.iht.com/articles/2008/11/10/news/edkrugman.phpDon't think the lesson will be lost on the worlds "powers that be".
Get ready to kiss your draft age children(male and female up to age 46)goodby.