Stimulus Plans and Fiscal Idiocy - It's What Rich Kids Learn at Yale

Our spending budget has ridiculously high deficits, as we are off fighting a war in Iraq. Our government is spending money like crazy, but has done nothing but cut taxes for the last six-seven years. Meanwhile, as a result of running a government off of credit, and having a loose monetary policy, foreign investors see the US as a bigger risk. What do they do, they take their money out of the States, which drops the value of our currency. In response to a recession, or fears of it, we are now going to offer folks a “stimulus package,” which will put a paltry $800, or something, in our pockets.

When polling folks, I have heard the majority of people polled plan to take the $800 and pay off their debt. As a nation, we have been in love with the cheap credit we have had for such a long while, and this love has done nothing but allowed us to spend ourselves into debt. Of course, being that those of us in our nation individually have more debt, our credit rating is not what it used to be. As such, our money is more expensive, as we are riskier.

Bush’s solution is to inject more liquidity into the economy, a short term fix allowing folks to keep more of their money, or something to that effect. Of course, our nation’s credit, provided that we owe countries by the masses, is diminished. Rather than paying off our debts as a nation or individually, the effort of this stimulus is to inject more liquidity into the economy.

Too little, too late, but that is just like everything else this President has done for us since his terms in office began. I am not surprised, and there is no way to argue with giving folks their money back, but it’s just idiocy. Obviously, I could go on and on, but that won’t help, because this problem is too regressive to waste your and my time by me writing a long and laborious passage on it.

It comes down to this, whether one is a government or person: sure debt is fine, but be sure you can pay it off. If you are going to borrow, that is fine, but don’t misallocate funds to more and more areas, not keeping one’s credit high.

Bush, our economy and federal government’s accounts are in shambles. America, that is what happens when you take a rich kid from a rich family who never had to do anything but ride on his daddy’s name. Bush’s fiscal policy is that of his Yale budget, “Turd Blossom, let’s just throw this on Daddy’s charge card.”