I was listening to some left wing twit yammering about how the economy isn't all bad. I don't remember when it was, but a couple weeks ago, and I think whoever that left wing nitwit was, they didn't know what they were talking about. One of their arguments that the stimulus was working was the Dow Jones.
It would seem to me, and I'm no expert, that the Dow is not doing so hot. In fact, it seems to be receding. I think the Dow is a good example of how the stimulus hasn't worked. Granted, the Dow has increased about 20% in the past two years, but the volume, a measurement used to indicate how many people are investing, has been at all time lows. Which I'm sure means that the chunk of income Uncle Sam gets from capital gains tax has been insignificant. Thus, more debt.
Now these same idiots who don't know what they are talking about want to increase the debt ceiling. They say that if we don't, we'll default on our loans. Again, I'm no expert, but I think what they're saying is we need to borrow more money to pay the interest on the money we already borrowed. Everyone in favor of increasing the debt ceiling needs to be replaced.
When I quit smoking nearly eight years ago, I had a patch on each shoulder and a cigarette in each hand. The only way I was able to quit was to throw away the patches and cigarettes, and just TOUGH IT OUT. That is what the check writers in DC need to do now. It is past time to cut spending, and no item on the budget should escape the axe. Cut everything by 10%. Then cut it again. Then cut entire programs if they fall under a billion dollars a year.
We will not whip this problem a little at a time. Quit cold turkey, and tough it out.