Monday, July 20, 2009
Breaking News / Woods Morning Roundup: Phil Williams Targets Tommie Frist and Corker Goes to Israel
Posted by Jeff Woods on Mon, Jul 20, 2009 at 8:15 PM
Another stimulus at this time would add an additional $1 trillion in debt, a move that would surely destroy our international bond rating and turn what is now a downward spiral into an all-out crash. We cannot afford it, nor is it a good idea.
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Economic Stimulus. H.R. 5140, the Economic Stimulus Act of 2008, passed 385-35 on January 29, 2008 (Roll Call 25). It would provide about $150 billion in economic stimulus, including $101.1 billion in direct payments of rebate checks (typically $600) to most taxpayers in 2008 and temporary tax breaks for businesses. Creating money out of thin air and then spending the newly created money cannot improve the economy, at least not in the long term. (If it could, why not create even more money for rebates and make every American a millionaire?) The stimulus has no offset and thus increases the federal deficit by the amount of the stimulus because the government must borrow the rebate money. A realistic long-term stimulus can only be achieved by lowering taxes through less government and by reducing regulatory burdens. Marsha Blackburn voted FOR this bill.(Source: The New American – July 21, 2008)
Marsha Blackburn is my Congressman.
She is no conservative.
See her unconstitutional votes at :
http://bluecollarrepublican.com/blog/?p=614
Mickey
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