Wednesday, December 29, 2010

The Real Financial Crisis

By Adam Bitely

The establishment in Washington, D.C. rose up from the murky swamp to renew their call for expanded, out-of-control government spending via the New York Times editorial page on Christmas. In their typical fashion, they call for more “stimulus” to fix state budgets that refuse to cut even the slightest amount of spending.

Too many people will lose government services if spending is cut, the New York Times and the D.C. establishment argue. How quickly they forget that this was the exact formula that Obama tried and failed miserably in 2009. Not to mention that it was government’s out of control spending that created the whole mess in the first place.

At some point in the late 90’s, politicians on all levels began to operate under an assumption that the prosperity would never end. Spending shot through the ceiling, and the services offered from the government expanded along with it. But now that the bills are coming due and the money has been spent, the very people that caused the mess are begging to be the ones to fix it.
This cannot be allowed.

They argue that all they need to do is have Washington, D.C. send ever more “stimulus” down to the states in order to balance the budgets that they didn’t deal with last year due to congressional handouts. Don’t cut spending, they say, because so many poor people would be affected.
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