Tuesday, January 29, 2008

The Economic Stimulus Package Is a Bad Idea

So Bush and the Congress are considering putting this nation another $150 billion in debt to "stimulate" the economy. Maybe China's economy as people spend their $600 at Wal-Mart.

That's assuming the taxpayers don't use the money to pay rent or their credit card bills.

This is little more than political maneuvering designed to get votes in the upcoming election. An increase in the national debt will do more harm than a few hundred dollars in each taxpayer's pocket will do good.

Our government needs to stop the political insanity and do something really meaningful like making the tax cuts permanent and eliminating the capital gains tax.