Government Spending Not So Stimulating
It seems that many in Congress believe that we can spend our way out of a recession. This has already been proven as a failed strategy during the Great Depression as well as in the 1990's when Japan tried to stimulate their economy. In spite of the evidence, our Congress continues to spend us into generational debt.
This article found on WSJ online lays it out pretty well. My favorite line is "Congress cannot create new purchasing power out of thin air. If it funds new spending with taxes, it is simply redistributing existing purchasing power (while decreasing incentives to produce income and output)."
http://online.wsj.com/article/SB10001424052748703481004574646551469288292.html
Another WSJ online article quotes Bob Inglis telling the SC Governor to “for goodness sake, take the money.” referring to the money coming from Obama’s $787 billion stimulus bill.
http://blogs.wsj.com/washwire/2009/06/24/inglis-to-gop-lose-stinking-rot-of-self-righteousness/
Does this sound like a principled Constitutionalist or principled compromise? This is what we can continue to expect from the Republican establishment in the Upstate of South Carolina until a message is sent. Third Parties exist to knock one of the big two parties into alignment with American people. Send Dave Edwards to Congress out of your love for the Constitution and you'll send a powerful corrective knock to the Republican party.
Added by the Webmaster Dave Edwards for Congress
