The SoSA Perspective

Gas on the fire?

Am I the only one who thinks that the “economic stimulus package” presently plowing its’ way through congress is a bad idea? I know, I know. Recession looms and our fearless leaders have to be seen as “doing something” about it. Republicans want to stimulate the economy because they don’t want to get to the November election with half the country out of work. Democrats will go along because they can’t afford (in November) to be seen as the party that blocked the “stimulus package” if half the country’s out of work.

It seems to me that the coming recession is the result of lots of factors, principal among them, our huge federal deficit. Our fearless leaders (fiscally responsible republicans all) insist on spending billions more than we have. In the seven years of their most recent reign our federal debt has risen from $ 5.7 Trillion to $9.7 Trillion! In the more immediate picture, the situation that has precipitated the present crisis is that many of us have taken out loans we can’t afford, and bankers, who should know better, have gleefully lent us the money! Again, spending money we don’t have.

The solution our “leaders” come up with? ‘Let’s spend $150 billion more (that we don’t have) and that will make it all better.’ Well…… it may stave off recession long enough to get the bozos re-elected, but in the end, it’s pouring gas on the fire. The saddest part of all this is that the bulk of this deficit bill will be with our children, and grandchildren, for a long long time.