In my ongoing attempt to seriously depress every person out there who loves freedom and prosperity, here is the updated tab for all of your money the government is pissing away. The CBO has estimated that the real cost of the stimulus plan is closer to $3.2 trillion.
That’s because nobody believes that the money that’s [...]
The tab we’re running up for all this government intervention is adding up. What a surprise.
There’s $800 Billion for TARP (to the everlasting shame of former Pres. Bush).
There’s Spendulus Stimulus Plan will probably be in the $900 Billion range.
There’s the new plan from our tax-cheating Secretary of the Treasury, Tim Geithner, who pledged “$1 trillion [...]
The stimulus bill is taking a justifiable beating in the polls. It has become a pork-laden parody of leftwing social engineering. The economic theory it relies on is, of course, nonsense. The Wall Street Journal summed up the fallacy perfectly:
The person who is taxed…[to pay for each dollar of the stimulus] will have $1 less [...]
There’s a fine essay by Alan Reynolds on the National Review site about all the Keynesian nonsense that’s passing for sophisticated discussion these days. He provides many examples of the current Keynesians contradicting their own statements and research. He also picks apart several of the underlying pieces of Keynesian fiscal policy.
The bottom line is that [...]