Wednesday, January 28, 2009

The Right Commentary: The Fallacy of Deficit Stimulus

The current hypothesis about how to end the economic crisis is almost beyond comprehension - the route to economic prosperity and wealth can only be achieved through massive federal spending measures. The Federal Government has been pumping trillions of dollars into the US economy (about 9 trillion by my count) in response to the recession - banks, businesses, even taxpayers, have all received large sums of money. All of this activity is based on a simple premise followed initially by President Bush, later articulated by then President-Elect Obama, “Only government can break the vicious cycles that are crippling our economy…” Put bluntly, this proposition is completely backwards, misunderstands the nature of economic activity, and will ultimately put the country at significant risk of even greater financial difficulties, if not possibly financial collapse.
http://www.rightcommentary.com/2009/01/25/the-fallacy-of-deficit-stimulus/

Stop the kill-America "stimulus" bill. Go to www.nostimulus.com and sign the petition or click the button on the right on the site to find contact information for your legislators. Call and tell them to vote NO.

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