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Government Debt & Stimulus Spending

Thomas Jefferson stated, “To preserve our independence, we must not let our rulers load us with perpetual debt. I place economy among the first and important of Republic virtues and public debt as the greatest of dangers to be feared”.

Winston Churchill said, “A nation cannot spend and tax itself to prosperity. It’s like standing in a bucket and trying to pull yourself out by pulling up on the handle”.

History tells us that government can not solve an economic crisis by taxing and spending our money recklessly. If that were possible, every poor country would confiscate the financial holdings of its people and waste it on projects and programs motivated by political power. This philosophy has never been successful in any form of government.

A note to the Obama administration: Winston Churchill said, “You may try to destroy wealth and find all you have done is to increase poverty”. Latest statistics show that one in every seven US citizens are below the poverty level and are on welfare.

The redistribution of wealth in any form by our government goes against free enterprise and personal liberties.

The economic system envisioned by the Founders encouraged by the Constitution allowed individual enterprise to flourish and triggered the greatest economy and prosperity in all history. Why change what has been successful?

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