Monday, September 13, 2010

On More Stimulus Spending

 Congressman Paul's Texas Straight Talk

“Faced with continuing economic decline and an impending election, the administration, predictably, is entertaining the idea of another stimulus package.  To explain why the last one didn’t work, adherents to the Keynesian economic philosophy are claiming that they actually did work - it just looks like they didn’t because we don’t realize how much worse off we would be right now without trillions of dollars of public spending.  The last administration bought into Keynesianism just as much as this one does, unfortunately.  Until we have leaders who understand that debt is not the way to prosperity, there will be no stopping runaway government spending…”

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