“The U.S. government must spend its way out of the recession, the Democrats’ third-ranking House leader stressed Monday. Rep. James Clyburn (D-S.C.), the House majority whip, said that trying to find greater savings in the budget, which was released by President Barack Obama this morning, wouldn’t help alleviate the recession,” wrote Michel O’Brian in The Hill.
How many of you believe you can spend your way into prosperity? Folks this is typical of Washington D.C. career politicians and proponents of odious Keynesian’ economics. The only way out of debt is to cut spending and encourage production.
I like what Dr. William Anderson economic professor at Frostburg State University in Maryland said.
“Keynesians simply cannot fathom the obvious: the more government increases its burdens, the more difficult it is for people to engage in simple economic transactions, and that means the destruction of wealth.”
Politicians are not the answer to national prosperity. There is a great shaking taking place right now. What will be the outcome? If we continue down the Keynesian path it will be the undoing of the greatest country in the world. My prayer is the Holy Spirit continue to expose corruption and wickedness. Let’s get back to God.