For the biggest part of a quarter century I worked in retail commercial credit. From consumer advocacy to repossession, I saw it all. When companies in trouble would call for consultation I often told them a little story. Too often common sense had been lost to their 'new business models'.
A trucker planned to buy watermelons in Texas for $1.00, haul them to New York and resell them for $1.00. After a few months, he realized he wasn't making any money. So...he took out a loan and bought a bigger truck!This is exactly what the democrat/Obama 'stimulus' plan is. We got in this mess by spending more than we had coming in, by loaning money to people who wouldn't/couldn't pay it back. And what is their answer? Borrow a couple trillion dollars so we can do it some more!
A 5 year old can do this math, people!
"I place economy among the first and most important of republic virtues, and public debt as the greatest of the dangers to be feared." -Thomas Jefferson to William Plumer, 1816
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NOW for a little history....for the next time some liberal
blames this mess all on the republicans.
NOW for a little history....for the next time some liberal
blames this mess all on the republicans.
Republican Congress 1995 - 2006: $1.8 trillion dollar budget deficit.
Democratic Congress 2007 - 2009: $3 trillion plus dollar budget deficit.
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