I am deeply concerned about the hyperventilating in Washington and among certain portions of the media over the Senate deliberations on the Economic Stimulus Package. And I'm worried most about President Barack Obama.
We are in way too big of a hurry to pass what could be a disastrous bill. Obama and a small but influential part of the media is applying massive pressure to pass the bill today. This simply must not happen. In fact, the entire bill should probably be scrapped.
Many, if not most, economists are really concerned that this massive spending package, the largest in the entire history of the nation, will doom our economy into hyper inflation and ultimate collapse. Even the bi-partisan Congressional Budget Office is screaming at the top of their collective lungs that we are about to make a serious mistake.
I'm afraid no one is listening.
What concerns me most is that Barack Obama seems to be panicking. His lack of experience and lack of knowledge is starting to show. Obama sees this crisis as his 9/11 and he his not handling it well. And it's not 9/11 either. It's a slow burn and everyone needs to calm down, study the extent and nature of the fire and then plan a coordinated effort to fight it.
Barack Obama is our President and he deserves all of our help and support. But part of that support and help is the necessity that we help our Senators and Representatives to slow down and really consider the impact of this massive spending bill.
This is not play money. We will borrow it in order to make these expenditures and it will add to our national debt.
The efforts of the bi-partisan groups of Senators now trying to forge a package is a good start. But even more analysis needs to be done before we mortgage our future.
"Desperate always reaps stupid." Dave Ramsey
I urge you to call your Senator today (the switchboards are very busy) and urge a delay, or at least a reduction, of the Stimulus Package. Every bit of contact information you might ever need to reach your Senator is here. I apologize for this "conservative" link, but it is the best and most comprehensive list I've ever seen.
More food for thought: Mitt Romney: Stimulate the economy, not government