Monday, February 9, 2009

Tax and Spend

"Tax and spend" was a characterization usually reserved for Democrats by their opponents. The non-stimulus bill contains a "spend" component that is larger than most previous government budgets. It dwarfs Bush's obviously failed first 750 billion dollar bill in as much as Bush only spent half, reserving the other half to give Obama flexibility when he entered office. The numbers involved should be staggering but do not seem to be awakening much protest in the general public as all too many are either uninformed, union members and others who feed at government's ever growing trough, or support the plan because they lack even the most basic education in economics. The "tax" part of the bill is not sufficient to stimulate recovery either. The most disgusting aspect of this fiasco to me was Maine's nasal schoolmarm Susan Collins lecturing us on how "the American people want to see the parties working together". The American people do not want massive inflation and a prolonged recession or depression which this badly crafted bill is bound to produce.

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