President Obama has now signed the $787,000,000,000 economic stimulus bill passed by Congress last week. They are promising us prosperity by spending us into the poor house as a nation. What they actually hope is that the economy will eventually rebound on it's own so they can take credit for it. They are addicted to spending because promising money out of the federal coffers it is how they maintain their power base of beneficiaries who will vote for them. Some might think that a cynical view but what else could be the motivation behind such folly?
Since October of last year our Congress has passed and our Presidents have signed two stimulus/bailout bills totalling around $1, 500,000,000,000 (that's 1.5 trillion if the zeros confuse you.) That's additional money our government hadn't already budgeted for and money our government doesn't have since it was already overspending. The market was so confident and stimulated by the news that it promptly nose-dived with the Dow dropping about 300 points. Seems I remember the same reaction to the previous bailout bill.
In the final analysis we have only stimulated our level of debt as a nation. As the government reaches deeper into our pockets and the pockets of our children and grandchildren they are only postponing the crash that is coming if we don't reign in our unconstitutional and immoral level of spending. What is unconstitutional spending? What is immoral spending? Stay tuned.
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