Money Spent Is…
2
…Well, it’s money spent.
As I read the news of Bush’s Economic Growth Package, I realize that he’s trying to do the same thing to people that got the country in this situation in the first place. I could be wrong. I’m certainly not that interested in economics as a field, but I think I’m right on this.
Here’s some money, kid, go spend it all in one place.
His economic plan back in 2001 was to give tax cuts and hope that people would run out and spend it immediately. Something about money that the government doesn’t use should go back to the people. Except, that money could have gone to pay down the deficit and make life a lot better for the future of our country.
After 9/11, Bush encouraged people to get back out and spend their money. That’s the only way to make things better.
People did. They spent it on all sorts of items that they really cannot afford. They helped to inflate the housing market by purchasing houses they really cannot afford at rates that don’t really exist. They piled on new cars and credit card bills from which they cannot recover. All the while, the government has been spending money that it will never have at higher rates than any president before.
I would like to go back many years to a leader before the country ever existed. You may have heard of the guy and his key on a kite. A caricature of a man named Benjamin Franklin. He said something that all of us have heard. My teacher taught it to our class back in third grade. I wonder if they still teach it?
A penny saved is a penny earned.
I read somewhere that he may not have really said that. It doesn’t really matter. The fact is that it is sound advice and very opposite of everything that government encourages now. The idea of spending money no matter how disastrous to our personal finances in order to benefit and help the corporations of America seems so counter-productive.
I do believe that’s what the master plan is. When the economy slows down, throw some money at the pinheads so that they can spend it in corporate America. There is no guarantee that spending money will create a richer America, but it will create a few richer Americans. I’m not that interested in their well-being nor are they interested in mine.
So my thoughts are simple. If there is a bonus from the government headed my way, I’m not purchasing anything new.
Benjamin Franklin has also been attributed with this quote too.
Anyone who trades liberty for security deserves neither liberty nor security.
Also counter to the current administration.
Popularity: 49% [?]
…Well, it’s money spent.
As I read the news of Bush’s Economic Growth Package, I realize that he’s trying to do the same thing to people that got the country in this situation in the first place. I could be wrong. I’m certainly not that interested in economics as a field, but I think I’m right on this.
Here’s some money, kid, go spend it all in one place.
His economic plan back in 2001 was to give tax cuts and hope that people would run out and spend it immediately. Something about money that the government doesn’t use should go back to the people. Except, that money could have gone to pay down the deficit and make life a lot better for the future of our country.
After 9/11, Bush encouraged people to get back out and spend their money. That’s the only way to make things better.
People did. They spent it on all sorts of items that they really cannot afford. They helped to inflate the housing market by purchasing houses they really cannot afford at rates that don’t really exist. They piled on new cars and credit card bills from which they cannot recover. All the while, the government has been spending money that it will never have at higher rates than any president before.
I would like to go back many years to a leader before the country ever existed. You may have heard of the guy and his key on a kite. A caricature of a man named Benjamin Franklin. He said something that all of us have heard. My teacher taught it to our class back in third grade. I wonder if they still teach it?
A penny saved is a penny earned.
I read somewhere that he may not have really said that. It doesn’t really matter. The fact is that it is sound advice and very opposite of everything that government encourages now. The idea of spending money no matter how disastrous to our personal finances in order to benefit and help the corporations of America seems so counter-productive.
I do believe that’s what the master plan is. When the economy slows down, throw some money at the pinheads so that they can spend it in corporate America. There is no guarantee that spending money will create a richer America, but it will create a few richer Americans. I’m not that interested in their well-being nor are they interested in mine.
So my thoughts are simple. If there is a bonus from the government headed my way, I’m not purchasing anything new.
Benjamin Franklin has also been attributed with this quote too.
Anyone who trades liberty for security deserves neither liberty nor security.
Also counter to the current administration.
Popularity: 49% [?]



