Friday, January 23, 2009

Homeopathic Democrats Plan To Correct Effects of Excessive Borrowing & Spending With Even More Borrowing & Spending

Obama and his fellow Democrats, who will be aided and abetted not doubt by some Republican “mavericks,” are about to drive this country off a financial cliff. As if the misbegotten and mishandled TARP wasn’t enough, the Democrats want to borrow much more, mostly from foreign investors willing to buy Treasury bonds, for us to spend on ourselves. Not content with how bad our budget deficit is already, they want to borrow more, much more.

Gangster Johnny Rocco in the movie Key Largo was likely a Democrat. When asked what he wants, he answers “More.” When then asked if he’ll ever get enough, he answers “No, never have, and don’t think I ever will.” Like homeopaths who treat fever with more fever, Democrats want to treat deficit spending with even more deficit spending. Maybe Democrats are homeopathic gangsters.

Here's Steve Chapman in the Chicago Tribune: (link)
We all know how we got into this economic mess. We spent too much, borrowed with abandon and acted like the bills would never come due. So what's the prescription for getting out? Spending more, borrowing more and acting like the bills will never come due…. This alleged cure deserves special scrutiny because it invites our policymakers to redouble the very policies that caused the crisis. Congress and the new administration are all too eager to abandon restraint so that we can overcome the consequences of excess…. We will be borrowing money to prevent a decline in our current standard of living. That money will eventually have to be paid back, which will require a decline in our future standard of living.

John M Greco