Dave Winer apparently believes government spending is like private investment,
His homilies were hackneyed and dishonest, for example he repeated the story pols love to tell, about passing on debt to the next generations, as if anyone who thought borrowing for growth meant they don’t love his grandchildren. It’s misleading, the grandchildren get to live in a richer world because of the debt we create today.
Borrowing to create wealth is certainly a great idea. To suggest that is what government deficit spending is misses more points than I can go into here (in fact one of the appalling things about current deficits is that this will need to be recovered from future taxpayers who could better use it for investment that generates real wealth).
This post was modified to make it clear that that future taxpayers get screwed by deficit spending.