"That's right, they stink on ice." - Mel Brooks
Stimulus and bailouts. Like mullets, baby-on-board signs, chia pets and snuggies they appear out of nowhere to imbed itself themselves our national consciousness. Stimulus and bailouts. I hear about them when I wake up and I am lulled to sleep by the discussion of them.
If you’re partial to moveon.org, stimulus is music to your ears. A friend of mine posted a link outlining 10 things you might not know about the stimulus plan. You can check it out for yourself here.
I’m not a big fan of moveon.org or believe that we can spend our way out of a problem we spent our way into( a quick look in the history books shows the New Deal did not end the great depression.) I also believe in smaller governments, not bigger ones which places me squarely at odds with this administration’s policies.
Regardless of your political persuasion, income bracket or level of concern we are all American taxpayers. Just when are we going to get fed up with the government and say in a loud voice ‘Enough!’ When do the peasants rise up?
There is a lot of chatter in California for a tax revolt and the chorus is sure to grow larger and more national. Rick Santelli made the call for modern day Tea Parties on CNBC. The US government, republican and democrat administrations alike, have pretty poor records for responsible spending and management. Now we're just printing money at historic levels. If you can’t spend the money responsibly than maybe we shouldn’t give you the money at all. I’m not an agitator, just curious, how bad does everything have to get before 2009 starts looking like 1769? These are strange times indeed.
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Friday, March 6, 2009
Friday, February 6, 2009
How quick can you spend a trillion dollars?
So the president is pissed that the senate is not accepting his "stimulus package" as delivered.
http://news.bbc.co.uk/2/hi/americas/7875520.stm
My question is simple. We're talking about a trillion dollars here. While we are certainly in a crisis, could we at least have a little debate about what to do. Economists from all ends of the political spectrum have questions about how to go about this.
I propose a new rule. Anything under $100 billion dollars can be passed without even reading the bill. Anything over $100 Billion gets 3 days of debate for every $100 Billion proposed.
I feel guilty spending $500 without talking to my wife. Can't we at least try and think about how to spend such a ridiculously large sum of money.
Also, have we seen this pissed-off side of the president yet?
http://news.bbc.co.uk/2/hi/americas/7875520.stm
My question is simple. We're talking about a trillion dollars here. While we are certainly in a crisis, could we at least have a little debate about what to do. Economists from all ends of the political spectrum have questions about how to go about this.
I propose a new rule. Anything under $100 billion dollars can be passed without even reading the bill. Anything over $100 Billion gets 3 days of debate for every $100 Billion proposed.
I feel guilty spending $500 without talking to my wife. Can't we at least try and think about how to spend such a ridiculously large sum of money.
Also, have we seen this pissed-off side of the president yet?
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