During the Great Depression, economists learned that there is only so much intervention the government can take. Ideally, the government wouldn’t intervene in the economy at all.
In the name of “economic stimulus” nearly $800 BILLION dollars are being wasted on pork barrel projects that will do little or nothing to create jobs or restore the economy. Meanwhile the public continues to suffer. The money to be spent on “ecomonic stimulus” will have to be borrowed from other countries like China. Interest payments for the stimulus, bank bailouts, TARP and housing fixes that are supposed to help the economy will amount to another $560 billion annually. Yet another heavy burden placed on the American taxpayer’s for generations to come. The amounts continue to compound, the interest continues to accrue, and the debt NEVER gets paid off.
Without a strong commitment to balanced budgets, consistent adherence to free market principles, respect for sound monitary policy, and policies favorable to the ecomomic prosperity of all Americans, government will continue to burden future generations.