Three Reasons a Spending “Stimulus” Is a Bad Idea
ByThe Republicans at the State House need to take a stand on Conservative Principles and not participate in this so called stimulus plan. Obama will use this money to hand out paybacks and favors to Democratic held districts and states. The last time I looked, Oklahoma was 77 for 77 Counties against Obama and all but one Congress member is Republican. STAND UP and Take a stand.
Liberals in Congress and the incoming Obama administration want to spend a trillion dollars— or potentially more — of taxpayer money as part of an economic recovery plan. This is over 50 percent more than our annual defense budget, and over five times California’s annual budget! And that would be on top of all the other big-government spending.
But government spending plans do not stimulate the economy. They are based on the idea that feeding “new” money into the economy will create economic growth. But the money isn’t new—it’s either taxed or borrowed. It’s essentially redistributed from one group of people to another, and no new money is created. (More)
