Spending

Bad policy produces bad results whether the President is a Republican or a Democrat

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Andrew Sullivan Rips on Hypocritical Republicans

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Bailout Bucks: Soon to Be Worth More than the USD?

With all the talks of trillion dollar Congressional spending programs and multi-trillion dollar FED lending vehicles (and with no apparent end in site), FreedomWorks (inspired by UGA College Republicans) had the wonderful idea to design “Bailout Bucks”, mocking the “endless-spending” Congress.

Bailout Bucks

You can find a PDF with the full image files here at Freedomworks. They are encouraging individuals to print and hand them out to friends (or anyone who will listen for that matter). I also encourage readers to visit and join the new FreedomWorks site.

The Folly of the Economic “Stimulus” Package

The news is dominated by all the talk and debate of the so-called economic “stimulus” package, which, in the House-passed version is said to be $815 billion, while the version under consideration in the Senate is (not surprisingly) even more expensive at something closer to $900 billion. None of these figures take into account the true cost of the program when the interest on newly incurred debt is added (those figures have a range beginning at $1.2 trillion with a limit no one even knows).

Ron Paul Responds to Obama’s Inaugural Address

Ron Paul was asked to respond to a particular passage in President Obama’s inaugural address, as it relates to our constitutional tradition, in which he states that “[w]hat the cynics fail to understand is that the ground has shifted beneath them - that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works - whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified.” Obama goes on to qualify this by attempting play both sides of the small vs. big government debate, saying, “Where the answer is yes, we intend to move forward. Where the answer is no, programs will end.

Neal Boortz is “Disgusted” With McCain, Probably to Vote Barr

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It appears like Neal Boortz, one of the nations top radio talk show hosts, will be voting for Libertarian Party candidate Bob Barr because of his disgust for McCain’s campaign and policies.

Barney Frank: Plenty of rich people that we can tax

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Love him or hate him Barney Frank, Chairman of the House Financial Services Committee speaks his mind with much greater candor than most politicians on Capitol Hill. But the last thing the economy needs is “a healthy dose of Keynesianism” as he stated. Does he not remember when he was in his thirties how John Maynard Keynes’ theories were proven to result in stagflation?

End of American Consumer

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This Youtube commentary on the state and future of the United States economy with emphasis on the consumer and the future of a new international monetary system was quite interesting. Although the commentator presents no new news or data he does tie the different aspects of our problems together well. 

David Walker: “Both of These Guys Make It Worse”

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Fairly non-authorative liberal (who calls himself libertarian, but I won’t) Bill Maher interviews David Walker who frankly discusses the shape and direction of the nation from a pragmatist point of view. Its good to see David reaching out to a progressive audience that is not hostile to his message of the need for fiscal sanity.

National Debt Clock Runs Out of Digits

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