Wednesday, February 4, 2009

Summary of the Stimulus Bill

Click here for a summary of the American Recovery and Reinvestment Act of 2009 (special nod to George Orwell a.k.a., Eric Arthur Blair).

Does anyone really believe that this gargantuan increase in federal spending is the path to economic prosperity? Here's the bad news; this is just the beginning of a massive transfer of resources from the private sector to Washington.

"TANSTAAFL" Lovers of liberty know what this means. Members of Congress evidently do not. That doesn't necessarily mean Members of Congress are not lovers of liberty, but it does raise the question.

Make no mistake; as Congress and the Obama administration command a larger share of national income, the fortunes of private enterprise will decline. Economic theory and economic history are exceptionally clear about the inevitable outcome.

If you agree with me that voluntary exchange and private enterprise are the engines of economic prosperity and human liberty, click here to send a message to Congress.

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