Prodromus

Be wary when a President says we are in a crisis and we have to do something immediately to solve it.  Remember where that has led us in the past…

According to the nonpartisan Congressional Budget Office on Wednesday, President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to do nothing.  CBO, the official scorekeepers for legislation, said the House and Senate bills will help in the short term but result in so much government debt that within a few years they would crowd out private investment, actually leading to a lower Gross Domestic Product over the next 10 years than if the government had done nothing.