Thursday, January 24, 2008

Bush Economic slight of Hand

Geroge Bush wants to bolster the economy by giving each household of tax payers eight hundred dollars. This of course will be added to your national debt column. It is just creating money out of fiat.

"Print some more money boys, we're going to have a party and our kids will have to deal with the bill on it."

A broke nation doesn't have money to give back.

From a Breitbart article:

"I am concerned that, in our rush to 'help,' we talk ourselves into a quick, feel-good hit today that will leave us with a bigger budgetary hangover tomorrow," said Rep. Paul Ryan of Wisconsin, senior Republican on the House Budget Committee.

Sen. Jon Kyl, Arizona Republican, also said he had concerns about the package.

"I am very skeptical of cash payments, the way that some of the ideas have been floated, having the kind of impact we would like it to have," Kyl said. "There are folks in this country that are hurting and you want to make sure you do the best you can. Sometimes the notion that you can do something really quickly is contrary to good judgment."

http://www.breitbart.com/detail.php?wfeed=reuters&ch=reuters-breaking

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