Friday, January 25, 2008

The Problem with Stimulus

What the President and Congress are proposing as an "economic stimulus package" has one terrible downside: they are, in the end, just shuffling money around.

No one is actually increasing the amount that the U.S. is producing. No one is cutting spending on something wasteful and letting taxpayers use it instead. No one is trying to increase investment by freeing up funds from the insane Iraq War.

No, the government is just giving everyone money it must print or borrow from foreign countries to everybody with the hope that we will use it to consume enough to mask the economic problems that are coming - actually, most of them probably are stupid enough to think it will actually work.

We need to bring the troops home from not just Iraq, but Korea and Europe as well. That would be a real economic stimulus.

That is all.

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