Palin May be Right but So What?

Jun 08, 2009 09:50

Sarah Palin interviewed Fox News for a 9 PM ET., Monday, June 8, 2009 show to say that deficit spending as a cure for a bankruptcy induced depression does not work. She gushed, ‘you gotta quit digging that hole when you are in that financial hole’

Her point being that borrowing to stimulate the economy by more government spending is a ponzi that is destined to collapse. It leads to every industry being state owned as each fails because of fewer people capable to affording the products, as a result of higher tax/regulations...

The interview sounds good as far as it goes but never addresses the fact that the fiat cash cow does not have any natural limitation. They will stimulate the economy with whatever amount is required, and it makes no difference how it is spent because it is still a debt that somebody has to either repay or repududiate.

Letting government own property and have the power to tax simultaneously is like selling oneself as a slave, and all Sarah can say is 'ultimately it need to be our will, the American people’s will imposed on Washington, instead of the other way around.' The problem is that government is now servant to the banks. That’s not socialism Hannity.

http://www.drudgereport.com/flashpfn.htm