Tuesday, February 10, 2009

Only the government can save us now

In yesterday's nationally televised speech (I missed Chuck because of this, damn them!), President Obama said "the federal government is the only entity left with the resources to jolt our economy back to life."

What resources does the federal government have exactly? The government is in debt to the tune of trillions of dollars and expected to run a more than one trillion dollar deficit before this "stimulus" plan is added to it. The government has no resources to use. But it does have the power to tax, borrow, and inflate. Regardless of which method it uses to pay for its grandiose schemes, it is the American people who will pay for this, whether we want to or not.

If the American people will bear the burden, the government should just let us keep our money and spend/invest it as we see fit. But the government has other ideas. The government will spend our money and then take credit for fixing the problem. And if the problem doesn't go away, they just say that they didn't spend enough and propose a new even larger stimulus plan.