Dems Optimistic Stimulus Bill Will Pass in Senate, but Warn Margin May Be Thin

As a nation we got ourselves into this mess by not wisely managing our finances. The government, no matter how lavishly it spends, can not right the wrongs of our financial institutions by promoting more bad habits. The average American saves less then 3 percent of their income, the federal government is proposing to spend more money on one bill than the entire cost of the Iraq war to date, showing its complete lack of concern for fiscal responsibility. If I owe you money and the fed gives you money, how does that help me pay you back? If the administration were truly concerned with stimulating the economy and not growing the role of government in my daily dealings they would consult financial successes instead of aging congressmen and women who know nothing about the real world and how our wallets work. Ask the ceo's of Mcdonalds, Walmart, or even Donald Trump what they think about this huge barrel of pork that our elected employees in government are trying to railroad through the senate. Simply doing nothing IS better than recklessly spending our grandchildrens chance for financial prosperity. Where do these people think this money will come from? More debt from China perhaps? or maybe we can just print more money until a gallon of milk costs us a wheelbarrow full of cash. Let us not forget also that the TVA and public works of FDR's aministration did not get us out of the great depression, WWII did. How it can be concieved as wise to dump loads of borrowed cash into a broken economy is lost on me. (and a lot of far more educated economic analysts) The answer to this "crisis" is to let the market take care of itself. Survival of the fittest. The weak poorly managed companies, i.e. fanny and freddy and old goldman sachs, can fall. Smaller more well managed companies can assume those "toxic assetts" and make loans to responsible people who can, one house at a time, fix this mess. The attack media has portrayed the debt collector as the omnipotent bad guy, what would be expected if bills are not payed? When it is all said and done, what would your grandpa do? the men and women of our greatest generation had it figured out, a trillion borrowed dollars to prop up a broken system is unforgiveable. A wise plan to address a serious cultural spending problem is probably way beyond a governments capacity, even still now is the time to consider the important phrase "a penny saved is a penny earned."

michael adams of OH 6:42PM February 07, 2009