Government spending, deficits, and debt creation of this magnitude is simply unheard of. So the added TARP money will surely imperil the entire stimulus package as taxpayers around the country begin to digest the enormity of these proposed government actions. Financing of this type would not only destroy the U.S. fiscal position for years to come, it could destroy the dollar in the process. What's more, the likelihood of massive tax increases -- which at some point will become front and center in this gargantuan funding operation -- would doom the economy for decades.Please read this and pass it around!
Sunday, February 01, 2009
200 economists (including Nobel Prize winners) say Obama's stimulus bill is dangerous
...and Larry Kudlow adds this:
Labels:
bills,
economics,
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Larry Kudlow,
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Nobel Prize,
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stimulus
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