A brilliant idea! The solution to all our financial problems!
I have to say, I am rapidly becoming disillusioned with Obama and the Dems. I think the stimulus is a huge waste of money and will ultimately prove to do more harm than good (not that the GOP tax cut solution was better; it wasn’t). If Obama isn’t going to do the right thing, no one ever will.
I am completely in favor of a cheaper, immediate, short-term burst of stimulus in the form of unemployment aid, state aid, and the like. But this bill is crap and we’re borrowing or printing money to pay for every cent of it. Eventually, we are going to have to cut costs, live within our means, stop borrowing to consume.
Right now, it looks like America is heading for default or hyper-inflation, and in either case, it’s going to look a lot worse than it does today.
It’s a good thing America is too big to fail.
Or is it?