Cash is King?? Orgy of federal borrowing is one you don’t want any part of.
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<h1><a href="http://alphadominance.com/" title="Alpha Dominance home page">Alpha Dominance</a></h1>
We are all familiar with the debates surrounding the massive bailouts of the banking system and automakers.
Now Obama has proposed an additional trillion dollar stimulus package to attempt to resuscitate our ailing economy.
I agree that stimulus is required, though I am daunted by the sum.
The ongoing debate between the parties frames the debate as a choice between “tax and spend” liberals and “cut taxes and spend” conservatives.
The common theme is the spending.
The real threat to our economy is our profligate spending. To argue whether to fund our spending with taxes today or tomorrow completely misses the point.
It is semantic. Conservatives can no longer claim to be fiscal conservatives with a straight face.
Spending under the Bush administration far outweighs that of any other time in our history.
The enemy of freedom is not taxes or government, but excessive spending on all levels, governmental and civic.
All of this is now history however, it is the past. Our bailouts to date, for those unfamiliar with the workings of the fed, are funded with US Treasury debt. With nothing to back it, this debt creation is simply borrowing money. It is much the same thing as printing new money backed by no greater pool of assets than were there before. This devalues our currency and expands the money supply.
<div class="wrap_center">
<h1><a href="http://alphadominance.com/" title="Alpha Dominance home page">Alpha Dominance</a></h1>
We are all familiar with the debates surrounding the massive bailouts of the banking system and automakers.
Now Obama has proposed an additional trillion dollar stimulus package to attempt to resuscitate our ailing economy.
I agree that stimulus is required, though I am daunted by the sum.
The ongoing debate between the parties frames the debate as a choice between “tax and spend” liberals and “cut taxes and spend” conservatives.
The common theme is the spending.
The real threat to our economy is our profligate spending. To argue whether to fund our spending with taxes today or tomorrow completely misses the point.
It is semantic. Conservatives can no longer claim to be fiscal conservatives with a straight face.
Spending under the Bush administration far outweighs that of any other time in our history.
The enemy of freedom is not taxes or government, but excessive spending on all levels, governmental and civic.
All of this is now history however, it is the past. Our bailouts to date, for those unfamiliar with the workings of the fed, are funded with US Treasury debt. With nothing to back it, this debt creation is simply borrowing money. It is much the same thing as printing new money backed by no greater pool of assets than were there before. This devalues our currency and expands the money supply.
