More spending like a drunken sailor on Obama's horizon. It seems that since the first round of stimulus spending has been an utter and complete failure, the only way to get out of this mess is to do it again. The Keynesian model of spending money to stimulate growth only works if the money you are spending is from savings, not loans. The current idea in the Obama administration is to spend even more borrowed money to stimulate the economy. The IMF has warned the USA that our debt to GDP ratio will rise from the current 90% to 97% by next year and then to well over 100% by 2015.
This is madness. It must stop and it must stop now.
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