Monday, January 5, 2009

A billion here, a billion there...

Bush already got $700 billion for a bailout, now says Obama wants $775 billion to stoke the fires of the economy. This seems to me like tearing up the train cars and throwing the wood into the engine. Sure, you get farther down the track, but what do you have once you get there? The government seems to have decided that money can be produced out of thin air with no repercussions. But all this money will have to be borrowed from somewhere and paid back at some time.

I think the smarter thing is to cut the size of government (especially the defense department), hunker down and ride this recession out, not invite huge inflation and bankruptcy in the future.

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