Tuesday, July 7, 2009

Hat Trick

Rise up! Gather round
Rock this place to the ground
Burn it up let's go for broke
Watch the night go up in smoke
--Def Leppard

Dems are raising the spectre of another stimulus package. That government would want to head back to the till for more stimulus is one of the biggest layup predictions of all time. When you have a debt and spending problem, adding more debt and spending worsens the situation, which requires more debt and spending...etc.

This process only ends when we decide to head the other way (pay down debt and save--not likely given our lack of political will). Or creditors decide not to fund our habit anymore, in which case the the system freezes up.

1 comment:

OSR said...

Yes, it is time to take the cure.