Saturday, January 26, 2008
Stimulating
I've been reading a lot lately about this great new stimulus package the government wants to do. You know the one. Thousands of dollars to everyone to go out and blow on a new big screen thereby stimulating the economy. Doesn't anyone realize that it is in reality a loan. Government does not create wealth. This money they are giving us will have to be paid back at some point in the form of higher taxes. I have a plan how about we actually exercise some fiscal restraint and not spend our government into the poor house. At some point foreign countries will decide that we aren't a good credit risk ie "subprime" and quit lending us money. At that point we will have to face the music and probably experience some severe inflation. Just a thought.
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