Sunday, February 08, 2009

It was a crazy idea in September

Just pay off all the home mortgages for people earning less than, say, $100,000 a year. That wouldn't have been "fair" to people like the Bruces whose 20 year fixed mortgage was paid off in 1988, but looking back, it would have cost me less money than the insane plan the Democrats have come up with to kill the economy and give us European socialism ala FDR in his decade extension of the 1929 Depression. Think of the money that would have been released for Americans to restore the economy. We would still have some retirement money! Too late now. The Democrats have had what they've been aiming at for decades. Rape and plunder. Complete government ownership of the American people. Michael Steele, the new chair of the RNC notes belatedly since the Republicans totally wimped out and RINO'd us
    "The fastest way to help those families is by letting them keep more of the money they earn. Individual empowerment: that's how you stimulate the economy.

    "But the Democrats have a different philosophy. Instead of leaving money in the family checkbook, they want to send it to Washington, run it through a slow and inefficient government, and hope that does some good.

    "When families keep the money, they spend it, save it, or invest it. And the private sector economy benefits when families and businesses buy consumer goods or invest it for the future. But when Washington spends the money, some of it may flow into the economy, but all too often, much gets wasted. Michael Steele, chair RNC, GOP.com

2 comments:

Anonymous said...

Murray sez:
The problem is compounded by the fact that when our government spends large summ of our tax dollars there is no follow up on how it was spend or did it achieve the objective. I mean, look at Katrina and most recently look at the 150 billion dollar pork package that was attached to the bailout. Ever since it was authorized there hasn't even been any mention of it. Poof! There went 150 billion down the toilet. All this at a time when the economy is going to hell and there sits Medicare and S.S. slipping down the toilet with no attempt to keep them solvent.

Norma said...

They are just now catching some Toledoans (Ohio) who scammed FEMA in the Katrina boondoggle.