David Limbaugh: "And that's without factoring in the looming entitlement quagmire that one party, for purely political reasons, has refused to address. It's also without considering the other horrors in Obama's grab bag that could reduce America to Third World financial straits all by themselves, such as global warming mandates, socialized medicine, open-borders-driven entitlements, doubling our foreign aid commitments, and reversing welfare reform.
Adding insult to injury, contrary to the falsely claimed economic consensus, this legislation, with its emphasis on non-stimulative spending and non-stimulative demand-side tax cuts, has not been optimally crafted to stimulate the economy. Even if Obama's neo-Keynesians were correct that government spending is the answer, this bill wouldn't come close to fitting the bill and, in the long run, probably would have a counter-stimulative effect.
So this plan is the worst of all worlds -- unless you are a once-closet socialist trained in the grand academic tradition of Chicago street organizing who finally sees an opportunity to 'come out' and work your wonders on the poster nation for greedy and decadent capitalism, the United States of America. It involves incomprehensible spending in aggravation of an already dangerous national debt load; a possible net retardant effect on economic recovery; greater government control over the economy, with a consequent diminution of our liberties; and a necessary reduction of essential government services."
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