Top 10 reasons to oppose the Generational Theft Act of 2009; Sen. Coburn adds one more

By Michelle Malkin  •  February 6, 2009 11:49 AM

Fight the politics of fear with facts.

FreedomWorks lists the top 10 reasons to oppose the Generational Theft Act of 2009.

Read ‘em. Send ‘em.

Then melt the phones.

Kill the bill. Stab it. Stick a fork in it. Then start from scratch.

***

From Sen. Coburn’s office:

U.S. Senator Tom Coburn, M.D. (R-OK) released the following statement today regarding a non-partisan Congressional Budget Office report that says the stimulus bill will harm our economy and cause our Gross Domestic Product to decrease over the long term. The CBO letter (attached) states: “In the longer run, the legislation would result in a slight decrease in gross domestic product (GDP) …”

“The concerns that many members of Congress have expressed about this bill are not based on the failed policies of the past but sobering facts about the present, and the future. As CBO has stated, this bill will not work. In fact, this bill will hurt our economy. A majority of Americans also do not believe this bill will work because they possess a level of common sense that does not exist in Washington,” Dr. Coburn said.

“Congress and the president have a choice. They can pull this bill and fix it, or they can ram it through and claim victory. Republicans and the Bush administration faced, and failed, this test many times. For years, Republicans passed bloated and reckless spending bills that were harmful to the economy. Yet, even as Republicans grew the government they touted their bills as sound and fiscally responsible vehicles for job creation. Republican hypocrisy and spin met its logical conclusion with the most recent election. Democrat attempts to call failures successes won’t be any more successful. The biggest loser in this game won’t be either party, but the country,” Dr. Coburn said.

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Comments


  1. #1
    On February 6th, 2009 at 12:11 pm, ArizonaNeanderthal said:

    #1) The Stimulus Will Not Work to help the economy but it WILL work to pay off President Obama’s, Harry Reid’s and Trophy Wife Pelosi’s supporters. Those three cretins and the the rest of the Leftist in government.

    #2) The Stimulus follows the same plan that ruined Japan’s economy
    and I am sure the Leftist are fully aware of that. But they will do well and that is all they care about.

  2. #2
    On February 6th, 2009 at 12:15 pm, brad_sk said:

    Republican hypocrisy and spin met its logical conclusion with the most recent election.

    Thats a very nice honest acceptance of failed RINO arrogant policies of last few years under a republican President and republican Senate/House.

    But Coburn hasn’t mentioned above why this will bill will fail or what are his alternatives to create more jobs. The bill definitely has lot of pork but that doesn’t mean it has no good or can’t create jobs on the other needed spending items in the bill.

  3. #3
    On February 6th, 2009 at 12:16 pm, JDinTX said:

    Obama said the definition of “stimulus” was “spending”. This stimulus bill needs to die. Kill it now.

  4. #4
    On February 6th, 2009 at 12:17 pm, Misscheryl said:

    If this passes – will the citizens strike? How will we once and for all show our outrage??? How are we going to communicate with these knot heads that enough is enough???

  5. #5
    On February 6th, 2009 at 12:21 pm, Ed Mahmoud abu al-Kahoul said:

    Can anyone confirm/shoot down my understanding that the minority party can request a full reading of any bill before the Senate before it is voted upon?

    If they can’t filibuster it, they should at least give the patriots in America an extra day or two (depends how fast the clerk can read aloud the equivalent of War and Peace) to mobilize support.

  6. #6
    On February 6th, 2009 at 12:22 pm, WaterBoyz said:

    Dems are saying….
    We won.
    We make the rules.
    We owe our campaign (i.e. $$$$) supporters.

    When will the Repubs learn that rules are for losers. Screw the rules and get in there and kick @ss and none of that McCain crap of reaching across the isle.

    Can you name 3 times that the Dems “reached-across-the-isle”?

  7. #7
    On February 6th, 2009 at 12:23 pm, DBNinKY said:

    Like I said on another thread, this bill, according to the criticisms I’ve read, possesses the potential to become a pay-for-play bonanza for Democrats: It could initiate a system of awarding infrastructure contracts to firms that contribute huge sums to Democrat candidates, dealing Republican office seekers at all levels an even greater financial disadvantage.

  8. #8
    On February 6th, 2009 at 12:26 pm, GaMidnightRider said:

    I have been calling, faxing, and emailing to everyone in the senate. I know this is falling on dead ears. They will pass this and we will go deeper into debt and further toward a socialist govt.
    The One is now threating congress that if they do not go along with this that he will ruin them politically. This is the change he promised. The same Chicago style strong arm tactics that his state is known for. He is so wrapped up in the notion that he is God and King and if anyone goes against him he was elected to crush them.
    I pray to God in heaven that this bill is not passed and is thrown in the trash.
    If they wanted to stimulate the economy then send $2500.00 to each american. Send each state $100,000,000.00 and let them do with it as they will. The states could spend the money on roads and projects they see fit. If the states do not use it to shore up their state then the state is to blame. But expanding the federal Govt is not the way to stimulate an economy.
    I just say where he has brought in a board to advise him on the economy. Wonder how much that cost us? Since when did common sense leave planet earth ? If you are in money trouble and having a hard time paying your bills is it a good idea to waste money on things that you do not need ? If you are unable to pay your heating and electric bill is it a good idea to go out and buy a new Rolls Royce ?
    I am ready with my torch and pitch fork. It is time to take our country back and get rid of the people in govt who think that they know what is best for us when in reality it is the worse thing to do.
    BRING ON THE REVOLUTION !!!

  9. #9
    On February 6th, 2009 at 12:31 pm, tre said:

    The simplest reason of all: When one is broke, that’s when one should SAVE money, not go spend more.

    We should send copies of Dave Ramsey’s book, The Total Money Makeover, to all Congressmen who still support it.

  10. #10
    On February 6th, 2009 at 12:35 pm, right_on said:

    This bill is nothing more than a big pile of Pelosi! I used to use the word “bullsh%t” or simply say “B.S.”, but in light of everything that comes out of San Fran Nan’s mouth, that the Democrat’s tout as “truth to power”, I have opted to use her name interchangeably with her name.

    We are also getting the real meanings of the President’s Obama-speak; for example:

    Hope and Change = Doom and Gloom;

    stimulus = spending;

    bi-partisan = come on board to get the blame;

    Republican obstructionism = oops, they actually read the bill…

    and so many more!

    Obama’s new E.R.A.B.? Is it really an example of Change we can believe in? It should be called
    ReallyInept Patricians Overtly Fleecing Finances.

  11. #11
    On February 6th, 2009 at 12:36 pm, dadinseattle said:

    One other thing nobody is mentioning about this spending within bill.

    These thousands of federal $ to jump start government projects all over the country that will all require state funding to kick in also.

    Ever hear of any government project finishing on time or under budget?

    What will happen when the project is half done and the money is all spent?

    Most of the states are out of money.

    More taxes will be imposed to meet that emergency too!

    Another stimulus bill will be called for!

    The number one reason however is that this is the biggest leap toward “all out socialism” we would have ever taken, at a time when we need capitalism to restore growth!

    Obama wants to be your master, take your freedom and control your life!

  12. #12
    On February 6th, 2009 at 12:48 pm, Hangfire said:

    If this is what Hope and Change mean, I’ll take vanilla.

  13. #13
    On February 6th, 2009 at 12:57 pm, battleaxe said:

    Get ready to bring a full wheelbarrow of cash to the store to buy a single loaf of bread. Inflation is gonna skyrocket because the value of the dollar will be very close to nothing soon. Zimbabwe’s dollar is experiencing this today – $100 Trillion Zimbabwe dollars can’t get you a loaf of bread.

  14. #14
    On February 6th, 2009 at 1:02 pm, Weary Citizen said:

    On February 6th, 2009 at 12:17 pm, Misscheryl said:
    If this passes – will the citizens strike? How will we once and for all show our outrage??? How are we going to communicate with these knot heads that enough is enough???

    Easy answer. When their bellies are empty. It is easy to be “compaaaaassionate” and indifferent (oh well attitudes) when you are content. Every revolution has come about as a result of harsh times on a majority of citizens. No different for us.

  15. #15
    On February 6th, 2009 at 1:09 pm, dominigan said:

    GaMidnightRider said:

    …torch and pitch fork…

    BRING ON THE REVOLUTION !!!

    Torches and pitch forks won’t work… but I think the American public knows that… which is why gun sales are WAAAAYYYY up!

  16. #16
    On February 6th, 2009 at 1:16 pm, Send_Me said:

    Reason 12: This whole spending bill is unconstitutional, according to Article 1, Section 8. (Not that we’re a Republic, as opposed to a democracy, with a Constitution, instead of majority rule, forming the basis of all of our laws or anything.)

  17. #17
    On February 6th, 2009 at 1:31 pm, ArizonaNeanderthal said:

    brad_sk this bill would create jobs in government and those businesses that cater to government all the while destroying private sector jobs by sucking the life out of the economy.

    This bill will NOT create wealth; government does not create wealth it taxes it. Look to Europe with it perennial high unemployment for a model. I look at Europe as a bad example and Leftist see a good example. And that is a great divide I do not think we shall every bridge.

    What should the government do? Pay it bills, cut LOTS of programs, cut taxes and get out of the way. But as I said that is a great divide I do not think we shall every bridge.

    I have feared government for years, this government I fear more as I do not believe they are merely good people making mistakes but bad people who know exactly what they are doing. But again that is a great divide I do not think we shall every bridge.

    That everyman be armed-you too ladies.

  18. #18
    On February 6th, 2009 at 1:35 pm, Red State Skeptic said:

    a) The New Deal worked wonders to get us out of the Depression. True, we weren’t totally there before WW2, but we had gone a long way. Unemployment went down dramatically every year of FRD’s presidency, except when Republicans forced him to balance the budget in 37-38, and that didn’t even include government jobs (that’s right, giving people government jobs stimulates the private sector.) Plus GDP grew 9% during FDR’s first term and 11% after the balanced budget disaster.

    b) Sorry, but conservatives have ZERO credibility in terms of deficit spending. Not just earmarks, not just defense spending, but the completely irresponsible tax cuts that we’ll be paying for decades from now.

    There’s really no way to argue it honestly (that’s why y’all argue it dishonestly). The New Deal saved the economy. Now please quit lying and messing with my country, and let grown-ups get us out of your mess.

  19. #19
    On February 6th, 2009 at 1:40 pm, redpeach said:

    I am liking Coburn more and more everyday.

  20. #20
    On February 6th, 2009 at 1:52 pm, RabbidSquirrel said:

    Well, I guess if we’re going to go Socialist Im just glad Im on the side of the Power Elite.

    Too bad Im going to have to throw all of my relatives and friends under the bus with Obama’s useless cronies.

    Since most of “friends” want Obama in power anyway, I have no qualms as they go ‘thump, thump, thump’. (i.e. Hey, you asked for it)

  21. #21
    On February 6th, 2009 at 2:19 pm, dadinseattle said:

    Today I fear my government.

    The day one fears the government is the day one knows that tyranny has arrived!

    We still have a bunch of slap happy O-bots jumping around in jubilation thinking their lives are all peachy keen now!

    Please, please let our Senators see the light for once!

  22. #22
    On February 6th, 2009 at 2:33 pm, Dexter Alarius said:

    From an article on Drudge:
    If members of Congress aren’t writing into the bill how the money will be spent, then someone else must make those decisions.

    …like, for instance, The People?! Heaven forfend! Lowly peons like us can’t be trusted to make our own decisions on how to spend our own money!

  23. #23
    On February 6th, 2009 at 2:36 pm, RabbidSquirrel said:

    Lowly peons like us can’t be trusted to make our own decisions on how to spend our own money!

    WASHINGTON (AP) – President Barack Obama says in Washington these days, everyone’s an economist—or thinks they are.
    .
    .
    “You’ve got some economists and some folks who think they’re economists. By the way, these days everybody thinks they’re economists,” he joked.

  24. #24
    On February 6th, 2009 at 2:39 pm, NC BLUE said:

    WaterBoyz #6–Hell, can anybody name one. Bush 41–I held out my hand and they bit it. Short memories all.

  25. #25
    On February 6th, 2009 at 2:42 pm, ArizonaNeanderthal said:

    FDR caused many to wonder, spent a lot of money, took away many freedoms, killed million of pigs and cows but did little to bring down unemployment or stir business to productivity. He did destroy enemies with phony IRS audits if you think that is good. He made the NRA a police agency with it’s own courts.

    That Great Divide again.

  26. #26
    On February 6th, 2009 at 2:44 pm, Joy said:

    Trophy Wife Pelosi’s

    GAH! I wish you’d stop calling her that… It makes you seem like… well, you have disastrous taste in women. I know you say it’s her head on a wall (why would anyone want that haunting them either?!?!) but that’s not what it sounds like.

    EEEEEEWWWWWW, just EEEEwwww

  27. #27
    On February 6th, 2009 at 2:44 pm, bluesoc said:

    nor shall private property be taken for public use, without just compensation

    The article cites a UCLA study that concluded that the New Deal prolonged the GD. This is given as a reason why the stimulus will not work.

    However, if you actually read the study, you’ll find that it DOES NOT fault government spending. Rather, it was government activity “which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages” that was to blame.

    I do not believe that anything resembling such measures are in the stimulus package.

  28. #28
    On February 6th, 2009 at 2:44 pm, sonofdy said:

    RSS:
    a/ Under FDR the country never got out of the depression Unemployment never got below 10% untill WWII and only them because he drafted them. Not a great record.
    b/ Your guy plans to increase the defict by 20 percent with this bill alone and plans even more spending in he months ahead. This will be more defict production than bushes entire first term in less than one year. Who has crediability again??

  29. #29
    On February 6th, 2009 at 2:46 pm, rightisright said:

    My thanks to Dr. Coburn, can’t help but appreciate the good Dr. for all his efforts to save America…you folks in Oklahoma have 2 good Senators, how lucky you are.

  30. #30
    On February 6th, 2009 at 2:50 pm, sonofdy said:

    However, if you actually read the study, you’ll find that it DOES NOT fault government spending. Rather, it was government activity “which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages” that was to blame.

    Are you saying unionisation prolonged the great depression???

    Don’t they burn you for heresy for saying things like that in the DNC??

  31. #31
    On February 6th, 2009 at 2:51 pm, bluesoc said:

    Under FDR the country never got out of the depression Unemployment never got below 10% untill WWII and only them because he drafted them. Not a great record.

    Unemployment started at 25% and dropped to about 15%. That’s a fairly significant improvement.

    Also, what do you think WWII was, other than a massive government spending operation?

  32. #32
    On February 6th, 2009 at 2:53 pm, bluesoc said:

    Are you saying unionisation prolonged the great depression???

    Don’t they burn you for heresy for saying things like that in the DNC??

    I’m not in the DNC. And yes, artificially high wages can be counterproductive in times of depression/recession.

  33. #33
    On February 6th, 2009 at 2:55 pm, Joy said:

    From 25% to 15% over TEN YEARS? No, that’s not a significant improvement.

    But I agree with the fact that Unionization helped prolong the depression. It’s also what is causing the Big Three automakers to go belly up.

  34. #34
    On February 6th, 2009 at 2:56 pm, bluesoc said:

    But I agree with the fact that Unionization helped prolong the depression. It’s also what is causing the Big Three automakers to go belly up.

    I think toyota’s woes are evidence that it’s not all labor’s fault in the case of the big 3.

  35. #35
    On February 6th, 2009 at 2:58 pm, bluesoc said:

    From 25% to 15% over TEN YEARS? No, that’s not a significant improvement

    The high point was in 1933, the low was in 1937.

    FDR then attempted to balance the budget by cutting spending and raising taxes. This led to an increase in unemployment in 1938.

    So, no, it was not over the course of 10 years.

  36. #36
    On February 6th, 2009 at 3:02 pm, Joy said:

    Toyota’s woes are recent due to the downturn in the economy around the world. Tell me when the last time the Big Three were really doing well… How many times has Chrysler been bailed out, or bought out when they were on the brink?

    Bluesoc, you need to examine things in far more depth instead of just skimming the surface and making assumptions that fit your beliefs.

    That’s the main difference between conservatives and leftists; we believe how we do because we delve into the issues and learn from history, while leftists skim the surface to see how it makes the feeeeeeeeel and then make history fit their what they want.

  37. #37
    On February 6th, 2009 at 3:07 pm, bluesoc said:

    That’s the main difference between conservatives and leftists; we believe how we do because we delve into the issues and learn from history, while leftists skim the surface to see how it makes the feeeeeeeeel and then make history fit their what they want.

    Talk about a broad generalization that skims the surface.

  38. #38
    On February 6th, 2009 at 3:07 pm, sonofdy said:

    A nice interlude. Had an ultrasound today, both babies are fine. Though one was busy kicking the other in the head!!! and has bi-ceps already (yay for mum right??)

    Now back to the regularly scheduled slide into economic disaster.

  39. #39
    On February 6th, 2009 at 3:09 pm, sonofdy said:

    I am dad btw… just to be clear…

  40. #40
    On February 6th, 2009 at 3:11 pm, Red State Skeptic said:

    The high point was in 1933, the low was in 1937.

    FDR then attempted to balance the budget by cutting spending and raising taxes. This led to an increase in unemployment in 1938.

    So, no, it was not over the course of 10 years.

    It should also be noted that those figures did not include government jobs (New Deal or otherwise).

    Conservatives, please stop denying history.

  41. #41
    On February 6th, 2009 at 3:12 pm, Red State Skeptic said:

    A nice interlude. Had an ultrasound today, both babies are fine. Though one was busy kicking the other in the head!!! and has bi-ceps already (yay for mum right??)

    Awesome like a possum. Get those supply-siders out!

  42. #42
    On February 6th, 2009 at 3:14 pm, bluesoc said:

    Tell me when the last time the Big Three were really doing well

    I believe GM posted a pretty hefty profit in 2004.

  43. #43
    On February 6th, 2009 at 3:23 pm, Room 237 said:

    This is a poem I came across in honor of the Stimulus Bill.

    http://thecatholiclibertarian.blogspot.com/2009/02/poem-in-honor-of-stimulus-bill.html

  44. #44
    On February 6th, 2009 at 3:24 pm, sonofdy said:

    Correction, before WWII (which started in 1939 not 1941) FDR’s plan meant the lowest unemployement rate was 14.3 percent.

  45. #45
    On February 6th, 2009 at 3:28 pm, sonofdy said:

    And yes that does include those employed by the government. That is good if compared to 33% but It would take doubling of the current unemployment rate today to get down to FDR’s best effort.

  46. #46
    On February 6th, 2009 at 3:41 pm, kwyoung said:

    On February 6th, 2009 at 1:35 pm, Red State Skeptic said:
    b) Sorry, but conservatives have ZERO credibility in terms of deficit spending. Not just earmarks, not just defense spending, but the completely irresponsible tax cuts that we’ll be paying for decades from now.

    Okay, so conservatives have zero credibility for deficit spending. What are liberals? Pelosi/Reid and company (joined by many aisle spanning RINO’s) have been in control of Congress for two years now. They have/are trying to spend staggering amounts of money in do-or-die fashion…

    How will they pay for it? When? At some point the government credit card will be maxed out. They’ll have printed so much money, the dollar will be worthless, inflation will skyrocket and taxes will have to be raised. They’ll have no choice. The writing is on the wall in bright red letters.

  47. #47
    On February 6th, 2009 at 4:10 pm, RobM1981 said:

    Sonofdy is correct. The New Deal was a disaster by almost any metric.

    So what *did* break the depression?

    WWII is the obvious answer. What’s less obvious is that the mobilization of WWII meant – more spending, actually. Suddenly the federal government was spending even MORE money than before – this time to build an army.

    So is that the trick? Is the trick to spend, spend, spend? Is Obama right?

    No, he’s not. There are some HUGE differences between then and now, and they are scary.

    The main cause of the depression, per Milton Friedman, was tight money. The Federal Reserve took many measures, particularly in the early 1930′s, to tighten the money supply just when the economy needed money the most.

    That’s not true this time. In fact, the opposite is true. There is way too much money out there, given to the wrong people, and now held as debt by very rich people. Many (most?) of these people aren’t even Americans.

    If the Fed doesn’t tighten the money supply this time, we are heading towards severe inflation. We’ve already seen it in houses, and it will continue if “loose money” continues.

    Tight money, otoh, is going to cause other problems. A Volcker-esque constriction, however, is likely the only way out. This is what happened with Reagan early in his term, and it was hideous. That was a nasty recession, if you remember it.

    It was good to see Volcker up there with Obama, just after Obama was elected.

    And it’s a tragedy to see him completely ignoring Volcker now.

    There is no way to spend through this. WWII was financed through deficit spending, at a time when our national debt was very low. We had plenty of “cushion” to borrow against without worrying that we might not be able to repay it. That is not true anymore, and if Obama had 1/10th the intelligence that his posse thinks he has, he’d see this.

    We all know that he’s even dumber than the last POTUS, and here’s our first confirmation.

    Soft money + heavy spending in the face of an already crushing debt is a recipe for disaster. Best case is intense, perhaps hyper, inflation. Worst case is a different kind of depression, more Carter-esque in its stagflation.

  48. #48
    On February 6th, 2009 at 4:25 pm, conservativesRus said:

    On February 6th, 2009 at 12:15 pm, brad_sk said:
    But Coburn hasn’t mentioned above why this will bill will fail or what are his alternatives to create more jobs.

    Brad – I wasn’t aware that it was the responsibility of the government to create jobs. In fact, last I checked, government can not create jobs. Jobs are created by productivity. Further, government does not add value to our economy. Only PRODUCTIVE tasks add value. Tasks which only work “internally” don’t add value to USA.

  49. #49
    On February 6th, 2009 at 4:29 pm, bluesoc said:

    government to create jobs. In fact, last I checked, government can not create jobs. Jobs are created by productivity.

    I think you’re confusing the short and long term. In the short term, of course government can create jobs. If they decide to build a new road, they’ll have to hire someone.

    In the long term, government spending can lead to crowding out. This is not desirable.

    Remember, the stimulus is a short term solution to mitigate the negative effects of a recession. It is not designed to change the face of the US economy in the long run.

  50. #50
    On February 6th, 2009 at 4:32 pm, conservativesRus said:

    On February 6th, 2009 at 1:35 pm, Red State Skeptic said:
    b) Sorry, but conservatives have ZERO credibility in terms of deficit spending

    WRONG – Republicans have zero credibility. Conservatives still do.

  51. #51
    On February 6th, 2009 at 4:34 pm, conservativesRus said:

    On February 6th, 2009 at 4:29 pm, bluesoc said:
    I think you’re confusing the short and long term. In the short term, of course government can create jobs. If they decide to build a new road, they’ll have to hire someone.

    It’s only a productive thing if it needs to be done. Otherwise it’s just a waste. Sure we paid somebody to do something and called it a job but it’s not really anything other than wasting money.

  52. #52
    On February 6th, 2009 at 4:37 pm, bluesoc said:

    It’s only a productive thing if it needs to be done. Otherwise it’s just a waste. Sure we paid somebody to do something and called it a job but it’s not really anything other than wasting money.

    It means someone isn’t unemployed. I wouldn’t call that a waste.

  53. #53
    On February 6th, 2009 at 4:46 pm, conservativesRus said:

    On February 6th, 2009 at 4:37 pm, bluesoc said:
    It means someone isn’t unemployed. I wouldn’t call that a waste.

    So then why don’t YOU pay someone to dig a hole and pay another to fill it in. Two people would be employed. I hear that’s a good thing. You must do it with your money – not mine.
    I’ll take my money and employ people making things that other people want.
    Then after some period of time, we can compare and see which “economy” grows and is sustainable.

  54. #54
    On February 6th, 2009 at 4:50 pm, bluesoc said:

    So then why don’t YOU pay someone to dig a hole and pay another to fill it in. Two people would be employed. I hear that’s a good thing. You must do it with your money – not mine.
    I’ll take my money and employ people making things that other people want.
    Then after some period of time, we can compare and see which “economy” grows and is sustainable.

    I can’t afford to do that. The government can. The private sector would ideally be spending money, but they aren’t. The government is hoping to stimulate the economy so that soon, the private sector will take over again.

    Like I said before, the stimulus is a short term solution, not a long term one. It doesn’t have to be sustainable in the long term.

  55. #55
    On February 6th, 2009 at 5:01 pm, conservativesRus said:

    On February 6th, 2009 at 4:50 pm, bluesoc said:
    I can’t afford to do that. The government can.

    And exactly HOW does “the government” afford to do that?
    I know how they do it – they do it by printing IOU’s. By stealing from the future.
    I think the slogan should be – “We’re stealing from the future – it’s for the children”
    (Please don’t tell me we’re “borrowing” from the future – because then my next question is – when will it be paid back and by whom?)

  56. #56
    On February 6th, 2009 at 5:27 pm, sonofdy said:

    It doesn’t have to be sustainable in the long term.

    So you are willing to pay for a short term solution with long term debt.

    That doesn’t make any sense.

  57. #57
    On February 6th, 2009 at 6:28 pm, bluesoc said:

    So you are willing to pay for a short term solution with long term debt.That doesn’t make any sense.

    It does make sense if we’re facing a severe recession/depression. The negative effects will be both deep and wide, affecting a lot of people relatively severely. The stimulus package aims to mitigate the negative effects by spreading them out over a much longer period of time.

    For example, you have two choices.
    1. Lose one year’s salary (say 50,000) right now
    2. Lose 50,000 over 50 years. (1,000 a year)

    I think you’d choose the later. Obviously it isn’t this simple, and the overall costs (paid out over those 50 years) may actually be greater than the initial loss would have been. Still, the shock would be much less and you’d have a better chance to plan for it.

    And exactly HOW does “the government” afford to do that?
    I know how they do it – they do it by printing IOU’s. By stealing from the future.

    I don’t think anyone is claiming otherwise. You obviously do not think it’s worth it. A lot of people do.

  58. #58
    On April 29th, 2009 at 3:40 pm, cheapseat said:

    RSS; WITH 50% OF OUR PEOPLE PAYING ONLY 3% OF OUR TAXES, IT IS PRETTY HARD TO COMPLAIN THAT BUSH GAVE ONLY TAX CUTS TO THE WEALTHY. YES, PEOPLE PAY FICA AND PAYROLL TAXES, BUT THESE ARE ESSENTIALLY TRUST DEDUCTIONS THE GOVERNMENT IS SAYING THEY WILL REPAY TO YOU IN THE FORM OF MEDICAID (BANKRUPT), MEDICARE (BANKRUPT) AND SOCIAL SECURITY (BANKRUPT). SO IN YOUR FAIR MINDED PHILOSOPHY OF PAYING FOR THE MILITARY, THE ROADS, THE ELECTRICAL GRID ETC, WHY ARE 50% OF THE PEOPLE ON WELFARE. AND YOUR GOOGLE POST MUST COME FROM WIKIPEDIA, AS NO HISTORIAN LOOKS AT THE NEW DEAL AND FDR’S FIRST 8 YEARS AS ANYTHING OTHER THAN A BLOATING OF THE FEDERAL DEBT BY EXPANDING THE GOVERNMENT PAYROLL. SOUND FAMILIAR! BUSH NEVER HAD A 1 YEAR DEFICIT REACH 500BILLION DOLLARS. THAT INCLUDED SPENDING 300 BILLION ON 911 NEW YORK REHAB, 160BILLION ON KATRINA REHAB, AND FIGHTING A REAL WAR. OBAMA HAS TRIPLED THAT ONE YEAR DEFICIT IN 3 MONTHS, IF HE GETS 2TRILLION DOLLARS IN TAXES. THAT IS VERY DOUBTFUL AS HE HAS STEADFASTLY SET ABOUT TO PUNISH PRODUCERS AND REDISTRIBUTE WEALTH. WHERE HAVE I HEARD THAT TERM, OH YEAH, IN EVERY COMMUNIST BANANA REPUBLIC WHICH CAN’T PAY IT’S BILLS AND NEEDS A DOLE FROM A PATRON. WELCOME TO YOUR FUTURE.

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