Posted on 04/06/2009 2:38:10 AM PDT by Scanian
Polls show that the public is both nervous and angry as political leaders throw together massive financial bailouts. We instinctively know that high levels of public debt are dangerous for our future whether we voted for Obama or McCain in November.
Concerned citizens want a sustainable recovery we can believe in not an inflationary quick-fix. We cannot have confidence in economic stimulus and bailouts that look, sound and smell like a giant Ponzi scheme.
We have to begin by stipulating that government and many companies and individuals have been living beyond their means for quite some time. There was too much borrowing from Peter to pay Paul. Suddenly Peter was tapped out. There was the inevitable short fall and the system came down like a house of cards.
Whether the U.S.S.R. in the 1980's or the United States in 2009 there are some basic principles in play that do not discriminate. Undermine personal responsibility and initiative, expect a "free lunch" or provide them, spend money you don't have on things you can't afford and you have the universal formula for disaster. The facts of life are conservative. Trying to game these principles threw the U.S.S.R. on the scrap heap of history. The U.S. is now looking its own future in the face. Pursuing policies that got us into this mess might give us a short lived reprieve but will only delay the inevitable.
(Excerpt) Read more at americanthinker.com ...
Good column. We can’t afford it. I have written to my Congressman and Senators saying exactly that.
Unfortunately, the vast majority in both houses want a quick fix to try to make the problem go away. They just keep trying to sweep the dirt under the rug. The rug is no longer big enough to hide all of the dirt.
Our printing presses can afford it.
At least till the next Presidential election.
“We Can’t Afford It, Mr. President”
No SH*T Judith!
LLS
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