A Hemorrhaging Economy

Well, after hundreds of billions of dollars to private businesses, it looks like it hasn’t helped. Many are still on the verge of bancruptcy, laying off workers, and even shutting their doors. Voices from the present and the past have been very clear that these measures are not the answer. Maybe as things get worse, more people will start to listen.

“Inflation has one cause and one cause only: government spending more than government takes in. And the cure to inflation is a balanced budget. We know, of course, that after 40 years of social tinkering and Keynesian experimentation that we can’t do this all at once, but it can be achieved. Balancing the budget is like protecting your virtue: you have to learn to say “no.”

This is no time to repeat the shopworn panaceas of the New Deal, the Fair Deal and the Great Society.”

Ronald Reagan March 1, 1975 2nd Annual CPAC Convention

It’s amazing to see without any measurable success in now, roughly 70 years of “tinkering”, that the answer to our troubles is more government “tinkering”. Let the people do the “tinkering” and then see what happens. Just give us a chance.

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