Friday, July 31, 2009

Three Reasons Why We Must Print Money

Not a week goes by that some .gov program doesn't either make it big or crash and burn. Looks like this weeks billion dollar news maker is the clunker. Essentially they have already exhausted the money. Never fear though, we can just print more. After all what is more worthy than the government going deeper into debt by encouraging her citizens to follow that example and BUY NOW, TAKE ADVANTAGE OF THE GOVERNMENT MONEY. I'm sure there was a better way and of course the .gov didn't do it. Is there a clunker czar we can call?
Cash for clunkers undergoes review | Lubbock Avalanche-Journal:
"WASHINGTON — The White House said Thursday it was reviewing what has turned out to be a wildly popular “cash for clunkers” program amid concerns the $1 billion budget for rebates for new auto purchases may have been exhausted in only a week.

Transportation Department officials called lawmakers’ offices earlier Thursday to alert them of plans to suspend the program as early as today. But a White House official said later the program had not been suspended and officials there were assessing their options."
And now, from the people who laid an ex post facto punitive tax on bonus monies... I suppose that in DC this is proactive. By limiting how much you can make they won't have to dash the constitution on the rocks with egregious tax and theft violations. No wonder my investments are low.
Executive pay limits advance in U.S. Congress | U.S. | Reuters:
"WASHINGTON (Reuters) - Eye-popping Wall Street bonuses could be banned by the U.S. government if pay packages are deemed to encourage 'inappropriate risks,' under a bill approved on Friday by the U.S. House of Representatives.

The bill would allow regulators to prohibit incentive-based pay packages at large financial institutions if the packages are found to induce excessive risk-taking. Institutions with assets of less than $1 billion would be exempted."
Then of course we have a bill that no one will read except the bureaucrats that implement it. Amazing. Has the government never heard of minimization? Nope. They never met a program they couldn't bloat. I hear from my son, an insurance worker, that health insurance workers jobs are at risk. I wonder why?
Like Sausage-Making, Reforming Health Care Is a Messy Business -
"The bill, a work in progress called H.R. 3200, is already phone-book thick. The latest amendments this week swamped Room 2123 of the Rayburn House Office Building, home turf of the Energy and Commerce Committee. Some 250 amendments had appeared by Wednesday night, and the number jumped to 350 by Thursday afternoon. The amendments filled 39 file boxes on chairs, under desks and in the aisles."
So now my friends the question becomes: What are we going to do about it? Those are the facts. Isn't it time to get involved? Thanks for reading.


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