Stimulus Spending - Tried & Failed! - Are we mindless sheep?

Folks -

I need you all to understand this, and then call or write your Congressmen and Senators and demand they listen to reason! The concept is really simple to "grasp" once you've gone back and reviewed recent history. There's no need to go back and reinvent the wheel. The answers are right here with us - on the other side of the world.

SPENDING your way out of a recessionary period has already been tried. It failed - quite miserably.

It failed 10 times in recent Japanese history when the government tried to "spend" its way to re-stimulating the Japanese economy.** 10 times!!! The Japanese bought into Keynesian (monetarist) economics which dictates that spending during a recessionary period must be increased for prosperity to continue. (This is an overly simplified explanation - but any economist telling the truth will tell you that it's pretty much "dead nuts" on target.) What happened was that the Japanese government spent the country into unimaginable debt! When it didn't work the first time, they tried it a second time and spent more - and so on. A level of debt that the Japanese people are still carrying on their over-taxed backs! Does this sound familiar?

• Ya know, when I was a boy and you heard people talk about a million bucks, that seemed like all the money in the world to me! Boy-did I want to have a million bucks! And just so you can all "conceptualize" what we're talking about - there are a thousand millions in just one billion.
• Want to have some fun - write $1,000,000 at the top of a sheet of paper. Now immediately under that write $1,000,000 again. And immediately under that, write $1,000,000 again. Do this successively on 1000 lines - one right below the other. Just 997 times more. How long did it take you? When you're finished, that'll be just one billion.

This week I listened to our newly sworn President call for the "speedy approval of the $870 BILLION stimulus package."

• Which means if you want to continue my experiment...you only have to continue writing $1,000,000 below itself 869 THOUSAND more times.

Stimulus - spending - just - spends. Eventually when you've bought something, you have to pay for it. And when you don't have the money to begin with, spending just increases your debt! It doesn't matter if you're an individual, or a country. If you don't have the money to buy something........you can't afford it!!!!!

I know this next statement might come as a shock to the 63+ million Americans who voted for President Obama... BUT.... Not even President Barack Obama can spend the country out of debt, or pay your mortgage, your student loan, or make your car payments! It just doesn't work that way. Do we really have the arrogance to think that simply because President Obama wants it to happen, that The United States will be able to reverse proven economic reality?

It doesn't work people.

WHY ARE THE REMAINING 237 MILLION AMERICAN PEOPLE ALLOWING THIS TO HAPPEN???

Dum Spiro Spero!

** (Google search "Japanese economy 1985 - 2000." Here's a wonderful link explaining the impact and the results on the Japanese economy - http://mises.org/story/1099)