Wednesday, February 11, 2009

“A GOVERNMENT BIG ENOUGH TO GIVE YOU EVERYTHING YOU WANT, IS STRONG ENOUGH TO TAKE EVERTHING YOU HAVE."

This famous quote is often attributed as originating as far back as Davey Crockett, but in more recent times it was used by President Gerald Ford in an address to the US Congress in 1974. It might be a sage warning to us all as the President and the U.S. Congress moves forward with an economic stimulus bill that is just short of $1 Trillion Dollars. Yes folks, that is Trillion with a Capital “T”. That is a number the late Carl Sagan did not even need to use to describe distances across the universe.

There is no doubt that the US economy is in need of a shot in the arm, but the real question is will the cure end up killing us instead. Sure the current state of affairs has impacted a broad range of individuals and businesses, and the rehab provider is no exception. Any economic recovery package will have to be broad reaching, but make no mistake about it there is nothing free in this world and the spending being proposed by the US government in this plan will have to be paid for at some point in time. Pair that with the stated objectives of the current administration to achieve a redistribution of wealth in the US and the economy of the future may be far different than anything we have ever known.


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