Posts Tagged ‘Government debt’

Free market economy?

Discussing the economy, the President said the private sector is “still nervous about whether they want to go ahead and take the risks that are inherent in a free market system.”  But, the private sector is not afraid of free markets, it is afraid of continued government interference and fears how much more it will interfere.  The government’s job is to regulate the “playing field” of the markets, not to control and manipulate them.

Is the government the new “company store?”

How well does the government manage our money?  Do our elected leaders spend it responsibly and frugally, as they should?  Sen. Charles Schumer answered these questions saying, “Let me say this to all the chattering class that so much focuses on those little, tiny, yes, porky amendments:  ‘the American people really don’t care.'”  He was speaking about the wasted spending, the pork, in the $787 billion stimulus package.  How much of the $787 billion actually stimulates the economy?  According to the Wall Street Journal, only 12 percent “is for something that can plausibly be considered a growth stimulus.”

What should we ask Congress?

Last week President Obama reprimanded Wall Street CEOs’ for their outrageous salaries and spending, saying they must show “restraint and responsibility.”  Should he have admonished Congress instead, because it puts Wall Street executives to shame with irresponsible spending?  Moreover, Congress displays righteous indignation toward companies going on extravagant junkets and sponsoring lavish conferences, while it does the very same thing.

Perhaps writer P. J. O’Rourke was correct saying, “Giving money and power to government is like giving whiskey and car keys to teenage boys.”  But, this is probably an unfair statement because it insults teenage boys.