and read this (directly quoted from my pal Parker's blog):
GOOD GRIEF // Anyone paying attention to what is going on in Washington ? Massive spending and government expansion
in the name of stimulating the economy, to the depressing tune of $825 BILLION. Do we have that money available? Will it work? This is a spending bill, not a stimulus bill.
Broken down, only twelve cents of ever dollar maybe could be argued is going towards something with stimulative effect. It's chock-full of non-solution spending.
For instance, for every $1 in tax relief spent for small businesses, the current plan will spend over $12 buying new alternative-energy cars for the federal government.
This is is more of the same, but worse. Can we stop royally screwing things up for our kids and grandkids?
ECONOMIC BASICS // Ok, so the government tires to pump money in to the economy to stimulate it. (basically from a liberal philosophy, but Bush did it too.)
Ok, where does this money come from? Congress does not have a vault of trillions waiting to be distributed. Therefore, every dollar Congress "injects" into the economy
must first be taxed or borrowed out of the economy. No new wealth is created, its just moved around by the government. The government can create new spending power
by printing more money, HOWEVER, this causes inflation and disastrous damage to the value of our dollar and we've done plenty of that. PLEASE, NO MORE.
The economy is revved up by the creation of new wealth -- AMERICANS WORKING AND EARNING NEW MONEY i.e. JOBS. Good lasting American jobs are best created
by the free enterprises of American businessmen and women, not the government. Relieving tax burden helps businesses afford to make new ventures, expand, and hire new employees,
instead of laying them off. How can the government best contribute to creating and sustaining jobs and therefore stimulate the economy? CUT TAXES. Please, President Obama,
that would be real and effective change. Yesterday, Obama actually sounded like Reagan:
"In the end, the answer to our economic troubles rests less in my hands or in the hands of our legislators than it does with America's workers and the businesses that employ them.
They are the ones whose efforts and ideas will determine our economic destiny just as they always have, for in the end it's businesses -- large and small -- that generate the jobs,
provide the salaries, and serve as the foundation on which the American people's lives and dreams depend. All we can do, those of us here in Washington,
is to help create a favorable climate in which workers can prosper, businesses can thrive, and our economy can grow."
YES!! BUT THE PROBLEM IS THIS: THE BILL HE'S PUSHING DOES NOT WALK-THE-WALK OF THAT STATEMENT!
THIS on the other hand, makes brilliant sense, and it is truly "bi-partisan" as President Obama claims to care about.
[CONTRIBUTING LINKS: Heritage Foundation // Congressman Eric Cantor video + blog post, thanks, Candace, for the GB video link]