Thursday, January 29, 2009
No to stimulus pact
I am not a libertarian who reflexively opposes every spending bill. I think the economy could use an infusion of money. But this "stimulus pact" goes way too far. We simply can't afford the close to trillion dollars this will cost us. The original bill passed by the House was $820 billion, and news reports said it will be more expensive once passed by the Senate. The government has spent trillions of dollars on the wars and bailouts, Social Security is facing trouble down the road, and we still haven't addressed the health care issue. I see massive inflation down the road, and nothing good can come from that.