Not sure what Im going to do with my $1200.00 the government is going to "give" me - but Im glad its on the way. Interesting in a presidential election year that they passed a bill to give people money to "stimulate the economy." In my opinion this will be sort of like having Christmas season twice - a small boost but no lasting effect.
Im not an economist or a political scientist - but doesn't it seem foolish to tax people till it hurts, spend ourselves into a 9 Trillion dollar deficit, watch inflation go crazy till people cant afford things and they rack up trillions in personal debt while saving drops to less than zero - and then give them money we dont have and tell them to go spend it on stuff they cant afford and everything will be ok?
If that works - why not give us more money? Give me $5000 and watch what I do with it to help the economy. Heck - give us all $10,000-$20,000 and we'll have the strongest economy ever!
This quote, often attributed to someone named Alexander Tytler (but never verified apparently) seems very apropos:
A democracy cannot exist as a permanent form of government. It can
only exist until the voters discover that they can vote themselves
largesse from the public treasury. From that moment on, the majority
always votes for the candidates promising the most benefits from the
public treasury with the result that a democracy always collapses over
loose fiscal policy, always followed by a dictatorship. The average age
of the world's greatest civilizations has been 200 years.
I don't know if this "quote" accurately portrays how real governments have changed over time but its certainly interesting that our politicians that we elected think the right way to fix our economy is "give" us more money.
Here is the TRUTH: They did not GIVE us anything. We borrowed it (cause it put us another 170 billion in the hole) and we will have to pay it back one day. You CANNOT borrow your way to prosperity. It violates biblical principles for finances.
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