Wednesday, January 27, 2010

Deficit Goes Up, Jobs Go Down

The Washington Times, one of the few decent newspapers left in this country, carried an article this morning entitled "Stimulus price tag soars as jobless rate rises".  To quote from the article;

The economic stimulus bill's price tag has risen to $862 billion, the Congressional Budget Office said Tuesday — a $75 billion jump that's a result in part to the fact that, despite the spending, joblessness has risen and the government is paying out more than expected on unemployment benefits.

The CBO, in a new report, also said spending in fiscal 2010 will push the deficit to more than $1.3 trillion, or nearly the record $1.4 trillion deficit recorded in 2009.

That's $862 billion dollars of our money, and it's money we don't have.  Yet the Obama administration continues its policy of reckless, out of control spending.  The only bright spot is that the tax-you-to-death health care "reform" bill looks like it's DOA.

I'm sorry my liberal friends, spending like this isn't going to stimulate anything, or create new jobs.  What creates new jobs is healthy free markets.  Deficit spending kills them.

You can't have economic prosperity if you're spending yourself into oblivion, and that's all there is to it.

No comments:

Post a Comment