Obama's Vicious Stimulus Cycle

Just a thought:

Businesses and individuals pay taxes. The stimulus plan is a huge bailout, which is designed to bail out businesses that are "too big to fail," and individuals who may lose their homes for taking out loans they couldn't afford anyway. But, the Obama Administration doesn't have enough money to cover all that he wishes to spend, so they are resorting to use deficit spending to get the job done. Deficit spending is another way of saying "spending money they don't have." The money doesn't appear out of nowhere, so they are borrowing money from future generations of businesses and individuals in order to bail out businesses and individuals. The Obama Administration, and the current Democrats in power, are "borrowing" more than any president in the past. In fact, they are deepening the national debt more than all past presidents, combined.

So, if you really think about it, the Fed is borrowing money from the same people it is bailing out.

And they expect that to work?

That's like borrowing from my credit card to pay my credit card bill.

-- Political Pistachio Conservative News and Commentary

By Douglas V. Gibbs