Maybe I don’t understand economics, but the current administration’s economic stimulus package does not make one ounce of sense to me. Where does this money come from anyway? They are going to take money they do not have (check out the deficit: The Debt Clock, US Current Account Deficit, and Is the US Current Account Deficit Sustainable?) and give it to citizens (and those who don’t pay taxes) in the hopes that we will squander it on things we don’t need (“big ticket items”) in order to stimulate the economy. They want me to take that $1200 check and buy a car? Are they crazy? What they’re saying is that they want me to go further into debt because my debt stimulates the economy and helps them feel better about their debt.
No thank you.
This isn’t even a decent band-aid for our problem.
One thing is certain: the government is taxing us to death. And they know it! That’s why they repeatedly “stimulate” the economy by giving our money back to us!
Ron Paul has drafted a Comprehensive Economic Revitalization Plan. I have no idea if it’s a good plan or not. For all I know it could totally crash our based-on-air economy. But when I repeatedly see the words “Eliminate taxes on…,” I like it.