Nine-point-seven trillion dollars. According to Bloomberg.com, that will be the total bill should the Obama-Pelosi ‘stimulus’ package pass within the next few days. That number, apparently, is enough to pay off more than 90 percent of the home mortgage loans in America, or roughly $33,000 for every living American man, woman and child regardless of whether or not they pay taxes, work, vote, or own their own home.
This is generational theft. My daughter, your sons and your daughters, and their sons and daughters — they’ll be the ones left with the tab. It’s beyond sad.
Over the past few weeks, and indeed since the original TARP bill in October 2008, I have written time and time again about how we must let the free market run its course, how we simply cannot spend our way out of debt, out of crisis, and into prosperity. That’s just not how it works.
Today, looking at the giant overall number, I cannot help but wonder what kind of mental illness it takes to even be able to talk about such numbers in the daily course of business. To them, this isn’t real money. To them, it doesn’t have downward consequences. They’re just numbers, and a way to kick the can down the road.
Back when the first TARP plan was unveiled–I cannot remember, and am too lazy to check, whether it was $700 or $750 billion (but what does it matter, anyway?)–I remember a congresswoman asked why the total number turned out the way it did. She answered by saying something along the lines of, “well, we wanted a number that didn’t seem too big, and didn’t seem too small.” That’s how they decided it. They picked a number, consequences be damned.
Don’t get me wrong — while President Obama and the Democrats certainly are not busting apart the tax-and-spend stereotypes, much of that $9,700,000,000,000.00 rests squarely on the shoulders of former President George W. “I left my free market principles in Crawford, Texas” Bush, presiding over a Washington, D.C. where up was down, where six was nine, where Republicans acted like Democrats, and where mental illness was the order of the day.
What kind of mentality, after all, does it take?
“Golly gee, I think we should throw $600 million at more coupons for digital television converter boxes,” one politician might say.
“Naw, $600 million is too small,” another might say. “Let’s make it a cool billion dollars.”
“A billion is too much,” says another silver-haired criminal. “I need at least $325-point-two million for the cleaning up of dog poop in my district.”
“Oh, yeah. We’ve got dog poop in my district, too. I need $325-point-two million.”
“Yep, us too.”
“Heck, let’s just include dog poop in the stimulus package!” Pelosi would say. “We’re already on the hook for $8 trillion . . . what’s another $1.7 trillion?”
I don’t get it, and sadly, neither do they. This isn’t monopoly money (yet). Those zeroes represent dollars paid in taxes by hard-working Americans out of hope that something good will come. Those zeroes represent amounts for which we are now beholden to China and to the United Arab Emirates. This isn’t play money.
One of these days, I pray that these people will wake up and find a modicum of common sense. In the unlikely chance that they do not, I pray that the American people will have the awakening and vote these people out of office, each and every one of them, finally realizing that our elected representatives rarely have the hopes and intentions of their constituents at heart.