sunset from behind the wire

sunset from behind the wire

Tuesday, February 2, 2010

How Stupid Are They?




The Office of Management and Budget dubbed its 2011 plan "A New Era of Responsibility." No, this is not a cynical remark. They really call it that!

"We've got to spend our way out of this recession," declared House Majority Whip James Clyburn, D-S.C. 

The proposed budget over the next decade would rack up $45.8 trillion in new spending, $9.1 trillion in deficits and more than $2 trillion in higher taxes on Americans. It will double the national debt held by the public to over $18 trillion, while raising taxes on 3.2 million small businesses and upper-income taxpayers — the very people the administration is counting on to pull us out of recession. - (IBD)

Two years of bailouts and "stimulus" have failed us miserably. The new budget tries the same tax-and-spend strategies, despite the loss of 8 million jobs and an ongoing financial crisis.
If you add the disastrous ObamaCare program to the mix, the spending curve is sharper - and guess who gets to pay for it?

Dear readers, the government doesn't earn a cent. It spends very well but you are the earners and it is the spender. 

It doesn't take a genius to look at the numbers and understand that we are embarking on an era of stagnant growth, higher unemployment, lower value to the dollar overseas (for all those goods we import from China and elsewhere) and debt we are absolutely unable to repay.

The only solution is to live within our means (even if it hurts). We must reduce the size of government and slash government spending. Incentivize private industry to promote job growth and reward the sector that creates jobs.

5 comments:

  1. LL... You clearly have no grasp of economics. If you give your money to the government, they can carefully circulate it. It's called the trickle-on-your-leg theory.

    ReplyDelete
  2. Worse even than simple spenders, the government is an armed robber.

    If I can't balance my checkbook, can I reach into my neighbor's pocket and taken his money? No, not without committing a crime.

    Yet every time the gov't decides it can't balance it's ledgers, it raises taxes and spends all the more, and with no real consequence to them.

    ReplyDelete
  3. Doesn't anybody listen? It's all Bush's fault. He's to blame for all this freezing weather in the obvious midst of global warming. And Madonna - she's his fault too. And health care; it's Bush's fault that all those people are getting sick, and, and --- Las Vegas. People spend money there that they could use on taxes. Bush told them to do that. So there.

    ReplyDelete
  4. They are killing us with spending.

    ReplyDelete

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