Random Thoughts

 

 

 

 

 

 

"You don't make the poor richer by making the rich poorer." --Sir Winston Churchill (1874-1965)

 

"Until the 1930s, the Constitution served as a major constraint on federal economic interventionism. The government's powers were understood to be just as the framers intended: few and explicitly enumerated in our founding document and its amendments. Search the Constitution as long as you like, and you will find no specific authority conveyed for the government to spend money on global-warming research, urban mass transit, food stamps, unemployment insurance, Medicaid, or countless other items in the stimulus package and, even without it, in the regular federal budget." --Independent Institute senior fellow Dr. Robert Higgs

 

"Americans have long ago abandoned respect for the constitutional limitations placed on the federal government. Our elected representatives represent that disrespect." --economist Walter E. Williams in a worthwhile read. (http://www.patriotpost.us/opinion/walter-e-williams/2009/02/11/the-hell-with-our-constitution.html)

 

"[W]hat could possibly be more reckless than spending a trillion dollars you don't have on a plan that you have no evidence will work? What could be more irresponsible than doubling the generational debt for your partisan pet projects in a time of crisis? And what could be more selfish than stifling debate by deploying fear to induce voters into supporting it all?" --columnist David Harsanyi

 

"I think this is the introduction to a disaster. We're going to face a big inflation. Everybody talks about how much we need to do now. But no one talks about how we're going to unwind what we're doing now. Keynesian theory is wrong. It doesn't work." --economist Allen Meltzer of Carnegie Mellon University

 

 

Josie06 Josie06
56-60, F
5 Responses Feb 11, 2009

The US will be like a 3rd world country in less than 20 years. We will be nothing but 'haves' and 'have nots'.<br />
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If you think 'class strife' is bad NOW, just FastForward 20 years.<br />
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The middle class got squeezed out, mainly by Govt intervention.

For our children and grandchildren who will have to pay it off.<br />
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With inflation tied in.

yes for those who created the problem but those who have nothing to do with it will pay the price.

It's called ... Debtors Prison!

the spending bill will give our grandchildren a standard of living far worse than that of the Great Depression.