July 18, 2009

Official Insanity

The highlights from Phil Kerpen's

The deficit today crossed the startling trillion dollar threshold, a number never before even contemplated for a full year of federal borrowing, but that we have now breezed through in just half a year.

Such a deficit represents a crushing future tax burden for ourselves, our children, and our grandchildren -- who will pay back every penny with interest.

The so-called stimulus bill was slammed through on partisan lines despite the overwhelming anger of almost everyone who was paying attention.

The bill, we were told, was our economic salvation (purely a coincidence, of course, that it happened to contain every item on the left's big government wish list).

Unemployment -- which the stimulus was supposed to keep under 8 percent -- is officially at 9.5 percent, and is 16.5 percent if you include people who have given up looking for work and part-time workers who wish they were full-time.

Senate Banking Committee Chairman Chris Dodd (D-Conn.) said the stimulus didn't work because is wasn't "as targeted as it should've been" and "we need to go back to this and do this again. We need to do more of that."

Moreover, we have to pay back all the money we've borrowed, with interest, meaning that in the long-run the only two options are huge tax hikes or skyrocketing inflation.

Quite simply, it is impossible for government spending to make us richer when every way the government can raise money makes us poorer.

We can't afford another stimulus, a government takeover of health care, the cap-and-trade energy takeover, or any other radical big government policies.

Washington has "helped" quite enough; it needs to leave people alone.

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