50 De-Stimulating Facts
Chapter and verse on a bad bill.
By Stephen Spruiell & Kevin Williamson
I highly recommend reading... or at least skimming. This offers another break-down of all the miscellaneous items included in the proposed so-called "stimulus" package (which seems more and more to have less to do with stimulating the economy, and more and more with spending into oblivion).
Speaking of spending, does anyone wonder where this money is coming from? Easy answer: we are simply printing more...
Problem? When does money begin to lose value? If China and Japan decide they are no longer interested in buying our debt (that's what happens now) will we just print the billions that are necessary for this proposed package?
Please see the graph:
Notice that the sharpest spike in the amount of money in circulation is merely in the past 6 months?
Believe me... this is a problem.
I am presently finishing composing a letter to my Senators (Cornyn and Bailey-Huchison). I will post here when it is sent, in case you would like to "borrow" it and send it yourself, too.