In a comment to my last post, a friend of mine asked what I would do. I think there are really 2 things that could be done immediately. They are as follows:
1. Decrease the amount of federal spending
2. Decrease taxes, all taxes
Unfortunately, our representatives in congress feel the only way to stay elected is to ensure money is spent on projects in their home states. I'm reminded of this quote from a book I just read.
Of course the Founders would understand exactly what this generation is doing to itself. It is the very essence of human nature to pursue this disastrous course once the appetite has been created to demand it. As a result, American taxpayers now discover themselves playing a role almost identical to that of an addict on hard drugs. The addict denounces his "habit" and despises the "pusher" who got him into it, but when he is confronted with the crisis of needing a "fix" he will plead tears of anguish for the narcotic remedy.
The "fix," of course, is not a remedy at all. The real remedy is "withdrawal." The addict must escape from the tortuous cycle of vicious repetition witch is not solving his problem but compounding it. If withdrawal is painful, at least it is not prolonged. The problem is primarily a matter of will power---the determination to change.(Cleon Skousen, The 5000 Year Leap)
We are trying to get out of a problem caused by spending money we don't have, by spending money WE DON'T HAVE. If we can go through that withdrawal period, and stop spending money we're either printing, or borrowing from the Chinese, (BTW, China just announced they aren't going to buy any more 30-year US bonds. So who's going to buy our debt? The Fed? Yup! Holy crap!) we can take care of this problem now rather than passing it on to our children and their children.
This bill is not a stimulus bill, it is a spending bill. In fact, it's my understanding a large part of the money won't be spent in the first 4 years, how can that be considered stimulus? It is taking money from the citizens of the country and redistributing it. This "spending" bill is a step toward socialism.
