WEBCommentary Editor

Author: Bob Webster
Date:  February 13, 2009

Topic category:  Other/General

Stop the "Stimulus Plan" Spending Boondoggle
If spending hasn't worked before, why continue spending?

There are three key votes that could save the nation from the latest spending binge of money the US Treasury doesn't have. Senators Specter (R-PA), Snowe (R-ME), and Collins (R-ME) are the key to whether this nation drops deeper into economic recession/depression, or whether the modest signs of recovery will be allowed to continue without ill-advised federal action that would bring about a reversal of those signs. I've contacted each of these three key senators with a message (blue color, below) urging them not to vote for any stimulus spending bill. Please contact these senators before they vote today in support of the stimulus plan and let them know how strongly you oppose further massive spending of money we do not have.

Over the past year the federal government has passed three bills designed to "correct" the problem caused by federal government improper meddling in the private sector. Now we're being told by government spokesmen that the current economic recession is the consequence of a private sector that doesn't work and the solution is for the federal government to spend our way out of this recession/depression. Yet each one of the three previous bills that were progressively larger and designed to make things better, resulted in just the opposite -- things got worse. In all instances the federal government spent money it did not have.

Now they're poised to spend even more with the expectation of a different result! Friends, that is a classic definition of "insanity." Not only is it insane, it is the highest order of fiscal irresponsibility.

As a child, I often wondered how the German people allowed their government to by taken over by the Nazis. Now I have a better understanding. Promises of a brighter future, a better world, a recovery from economic troubles (caused by bad government decisions) turned into complete loss of liberty and the world's most costly global conflict, World War II. While not likely to cause another world war, current actions by the federal government are destined to bring depression, severe hardship, further financial collapse, and a real threat of political revolution.

Two recent examples (one in California, the other by the Federal Reserve) reveal that there are no buyers for government bonds other than the governments issuing them -- in other words, the illusion of money is being created where there is none. This is a Ponzi scheme that makes the Bernard Madoff scandal seem like child's play in comparison. These are not comforting realizations.

With no buyers for federal bonds, how does the Treasury plan to cover this nearly $1 trillion "stimulus" pork package? By printing money. If you think stocks are down now, just wait until Carter-era economic stagnation and hyper-inflation returns as a consequence of this bad spending plan. And you thought things couldn't get worse?

Now is the time to speak out. Tomorrow will be too late.

Following is the text of a message I've sent to Arlen Specter, Olympia Snowe, and Susan Collins, each GOP senators poised to vote in support of the pork and special-interest laden massive "Stimulus" spending bill financed by money we do not have:

Should you contact these senators, please don't hesitate to borrow freely from any of the above.

Bob Webster
WEBCommentary (Editor, Publisher)

Biography - Bob Webster

Bob Webster, a 12th-generation descendent of both the Darte family (Connecticut, 1630s) and the Webster family (Massachusetts, 1630s) is a descendant of Daniel Webster's father, Revolutionary War patriot Ebenezer Webster, who served with General Washington. Bob has always had a strong interest in early American history, our Constitution, U.S. politics, and law. Politically he is a constitutional republican with objectivist and libertarian roots. He has faith in the ultimate triumph of truth and reason over deception and emotion. He is a strong believer in our Constitution as written and views the abandonment of constitutional restraint by the regressive Progressive movement as a great danger to our Republic. His favorite novel is Atlas Shrugged by Ayn Rand and believes it should be required reading for all high school students so they can appreciate the cost of tolerating the growth of unconstitutional crushingly powerful central government. He strongly believes, as our Constitution enshrines, that the interests of the individual should be held superior to the interests of the state.

A lifelong interest in meteorology and climatology spurred his strong interest in science. Bob earned his degree in Mathematics at Virginia Tech, graduating in 1964.

Copyright 2009 by Bob Webster
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