Friday, February 06, 2009

This Stimulus package would make things worse

That's not my opinion ... that comes directly from the Congressional Budget Office. The CBO says that Obama's economic stimulus package will actually hurt the economy more in the long run than if we did absolutely nothing. Again .. this is from the non-partisan Congressional Budget Office. The bill would help create small economic stimulation in the short term, but our government will be up to its eyeballs in debt that within a few years it would crowd out private investment. What happens when this occurs? Well, this will lead to a lower GDP over the next 10 years. We are talking between a 0.1 and 0.3 reduction in GDP.

But the immediate satisfaction of building butterfly gardens, frisbee golf courses and eco-friendly dog parks is mostly what the Democrats are concerned about.

Remember ... this bill is not about bringing our economy back, it is about growing government. Democrats have been dreaming of this chance to grow government and increase government dependency since Clinton lost his mojo in 1993.

- "The problem with socialism is that you eventually run out of other people's money." - Margaret Thatcher