More on the Economic Highway Robbery That Congress is Trying to Sell.
Government spending will not help the current problem, it will only make things worse. Hoover and Roosevelt’s spending didn’t get America out of the Great Depression. It didn’t work for Japan in the 1990’s either.
The neo-Marxists are trying to peddle this bullshit, after history has proven them wrong, time and time again.
We Can’t Spend Our Way to Prosperity
by John Stossel
Washington never changes, no matter who’s in power. Give a gang of politicians a chance to spend our money, and they will spend it — the more the better. An economic downturn is hog heaven; for now they have a justification to spend big time: “economic stimulus.” Anything and everything can be proposed as long as it can be said to “inject money into the economy” and “create jobs.”
Does $819 billion sound like too much? Au contraire. It may not be enough. Ask Paul Krugman and the other Keynesians. The danger, they say, lies in spending too little. Not to worry. The Senate will probably throw in more money. And the Obama administration says this is just the beginning. “While many of the projects are a down payment on long-term goals, including energy policy reform, health-care reform and the expansion of infrastructure investment, the goal has never been to accomplish every legislative goal in one fell swoop,” White House spokeswoman Jen Psaki said.
by Ed Feulner
If there’s any good news from this recession, it may be this: We’ve seen how Washington works. The picture is so ugly, it may be enough to spark real reform in the years ahead. Here’s what’s been going on:
Every so often Congress gets hold of a bill that simply must pass. A defense spending bill, say, during war time. So lawmakers exploit the situation, tacking on pet projects that have nothing to do with defense.
This year’s must-pass bill is a “stimulus” measure.
True to form, Congress has loaded the American Recovery and Reinvestment Act of 2009 with hundreds of billions in wasteful spending. The bill includes $650 million for digital TV coupons, $140 million to study the atmosphere and $50 million for the National Endowment for the Arts.
Truth, Lies and In Between 