Our new trillion-dollar credit card - By Henry Lamb

Everyone in America wants the government to do something to end the economic tailspin – quick. The problem, of course, is that there is little agreement on what the government should do. Democrats, generally speaking, want to put a trillion dollars in purchases on a new credit card. The new purchases will provide the goods and services the government wants the people to have. Republicans, generally speaking, want to reduce taxes sufficiently to leave a trillion dollars in the pockets of the people so they can purchase the goods and services they want. The proposed solution is an awkward combination of the goals of the Democrats and the Republicans. At best, it is little more than a Band-Aid on a cancer that has been growing in America for half a century. It took Pearl Harbor to convince Americans of the threats to freedom that gathered in the 1930s. When called upon, Americans focused like a laser beam on doing whatever it took to defeat the enemies of freedom. Congress borrowed the money necessary to stoke the nation's manufacturing capacity to produce the goods needed to defeat the enemy. Men went to war; and women went to work. [Continue reading]

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