Thursday, February 14, 2008

Government meddling, part 2

I didn't intend this blog to be a rant about government, but there are some things happening right now that really bother me. If the Democrats were in control and these things were happening I could live with it, but from the party of "less government and free markets" it's unconscionable.

President Bush has approved the stimulus package passed by Congress. That means Americans will be getting some amount of money from the government. Our government leaders hope we will spend the money to stimulate the economy. Deception is going on here; you see the market cannot tell who spends money. Whether it's me, you or the government, money that is spent stimulates the economy. During FDR's administration billions were spent by government to "stimulate" the economy. This time around our government wants to make us feel like they are doing all they can to rev up the economy by benevolently giving us money to spend.

My problem with this is where did our government get the money in the first place? The government is not a for profit entity it's a consumer. It can only get money from taxes and levies, borrowing, or printing more money.

If it took money from us (taxes and levies) why did it take more than was needed to run the government? Excesive taxes are unacceptable. We should spend our money as we see fit. Just because our leaders--and I use the term loosely--decide to give some of our money back does not make them the generous and benevolent people they want us to think they are.

If the government borrows the money to give to us then eventually it must be paid back and where will the funds come from to do that? From us! I don't want our leaders deciding when I should borrow money, that is unacceptable also. The only exception would be to defend our nation, but I won't get into the war at this time.

If the government prints excess money that's called inflation. Inflation is an economy killer and would do more damage than can be overcome by the stimulus package. Spending can stimulate the economy, but you have to follow the process all the way through to see if it makes sense. I want more accountability from government and less tinkering with the economy.

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