[TheMercenary]

An opinion piece that says what a lot of economists are saying.

Economic Recovery Act is wiser alternative to massive spending

Congressional Democrats have engaged in a full offensive to convince the American people that another massive dose of borrowing and spending is the solution to our economic tribulations. They talk of an economic near-Armageddon without as much as a trillion dollars in new spending. The rhetoric, in point of fact, sounds remarkably similar to the appeals for their last economic solution, the disastrous Troubled Asset Relief Program.


The truth is, proven by history, that massive government spending is not a solution. And the American people know there is another way — a real economic solution that empowers our people without mortgaging our future. After a year of bailouts, rebates and taxpayer-funded backstops, we can move toward renewed prosperity by unleashing the potential of and providing economic relief for our real economic growth engines — hard-working Americans and businesses.


Unfortunately, congressional Democrats and the president are immovable in their intent to spend our way into prosperity. So they have set forth a proposal heartbreaking in both its purpose and its consequences. It must be made clear: The Democrat proposal is not a stimulus, but rather a gross political opportunity to borrow against future generations to achieve ideological goals today. As White House Chief of Staff Rahm Emanuel recently said, “You never want a serious crisis to go to waste.”

http://thehill.com/op-eds/economic-r...009-01-27.html