Tomorrow’s show will feature an interview with Richard W. Rahn is a senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth. If you are not familiar with the Cato Institute click here. It is a libertarian think tank. And for my money you rarely these days hear this much common sense on economic issues.
Here’s a piece of the Rahn column I read this morning.
It only gets worse. Congress now proposes a stimulus program, in addition to the already passed TARP program, which will cost the typical American family more than $20,000 (a small portion of which may be returned as tax credits). If Congress reduced your family’s tax burden by $20,000 this year, and let you spend the money, rather than Congress spending the money (after the government’s normal overhead and handling fee), would the American economy be worse off or better off?
Just remember, those members of Congress who vote to tax you and spend your money on “bailouts” and phony “stimulus” may be calling you a “chump” behind your back.
Yes … they probably are. Here’s a link to a “chump roundup” over at Instapundit. Please click and thanks.