CREDIT CARD GOVERNMENT: Overhaul Not Expected to Change Health Spending - WSJ.com: "- Sent using Google Toolbar"
LATEST DEFICIT ESTIMATE: $ 1.45 TRILLION.
And, add to the overall problem of the economy the fact that the money to pay for all of this is based on taxing someone else to pay for all of it (direct taxes, mandated premiums, etc.).
So there is less efficiency in the economy overall and the Democrats again show a basic lack of economic understanding.
It's like the family that has two choices - get a better job to spend more; or, just put it on plastic.
Clearly the Democrats are on the credit card binge - and, we all know what usually happens: the income won't increase to pay for it (they only know how to screw the economy up worse and worse) and eventually bankruptcy (or, more likely hyperinflation).
Both the US and England are talking about more quantitative easing (or in common terms - printing the money that you've run out of).
Thursday, September 9, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment