Jan
28
2009
“Stimulus” Package
Nothing but more false hope and economic illiteracy:
“Perhaps the most disturbing part of this discussion is the failure of so many people to recognize the illusory nature of the Obama tax cuts, which would reduce the immediate tax burden for some Americans by increasing the federal deficit. A switch from tax-financed spending to deficit-financed spending does little to change the existing division of resources between the private and public sector.”
It is complete nonsense to think that you can create value by either 1) taking from some people to give to others or 2) by decreeing value into existence.
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