Tuesday, February 10, 2009
Shame on these people--specifically, the president and the congress. The stimulus the country needs should address priorities, not all this senseless growth of government spending. Here are the clear priorities: provide relief in the housing mortgage sector--people genuinely need some intervention here; get the banks lending again--otherwise, what was the original TARP for?; provide people with quick cash through a fast tax rebate and/or substantial tax cuts. These actions would be LESS COSTLY and far more effective than this "generational theft," as several parties have called it. The nation will be limping from this ineffective indebtedness for many years. Actually, if all they did was to help with the problematic mortgages--which were encouraged by the government in the first place--the neediest and hardest-hit would benefit directly, and the economy would start itself in short order. I hate to call people fools, but this train is heading for the cliff.