Stimulating Our Way to Rock Bottom
January 12th, 2009 3:41 pm | by Mike Miller | Published in Bailouts, Banking, Big Government, Constitution, Debt, Economics, Federal Reserve, Liberty, Money, Politics, Ron Paul, Taxes, congress, government spending, inflation, national debt | 0
As usual, Ron Paul has some common sense to impart in his weekly Texas Straight Talk column regarding all this talk of more economic stimulus packages coming down the pike:
With attention turning to the next big economic stimulus package, questions are still swirling about our economic troubles. How did we get here? How do we get out? As usual, Washington has all the wrong answers. According to many politicians, we got here by not spending enough, not consuming enough, and not regulating enough. Now government, like some mythical white knight, is going to ride in to save the day by blanketing the economy with dollars, hiring an army of new bureaucrats, creating make-work jobs, and sending everyone some form of a bailout check. The debate seems to focus on whether this will cost enough to save the economy, or if this is just a “down payment” with much more government spending to come. Talk like that would be comical, if the results weren’t going to be so tragic. Continue reading here.
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