Friday, July 17, 2009

Biden: Without Stimulus, U.S. Would Go Bankrupt - Political News - FOXNews.com

Biden: Without Stimulus, U.S. Would Go Bankrupt - Political News - FOXNews.com: "'We're going to go bankrupt as a nation,' Biden warned at an event in the backyard of the House's No. 2 Republican.

'People, when I say that, look at me and say, 'What are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt?' he said. 'The answer is yes.'"

He is good about showing how dumb the ideas are.

'"Those billions of dollars get poured back in the economy," he said, turning to face John Fernandez, owner of DayStar Desserts in Richmond. "It means someone's buying your desserts, it means someone's going to the local shoe store. It means people's jobs."'

In order to get those billions of dollars the government needs to take them out of the economy -- so if the government was perfectly efficient then at best it wouldn't change anything.

No comments: