Tuesday, February 2, 2010

Half logic

Our President's idea of fiscal management is well......half right.

President Obama is catching heat from Nevada lawmakers and business leaders regarding his comments Tuesday criticizing trips to Las Vegas.

During the president's town hall meeting in Nashua, New Hampshire, he discussed the need to curb spending during tough economic times.  "When times are tough, you tighten your belts," the president said. "You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college."

But there is another component to this logical thread.  When you face imminent financial peril you do not run up the credit cards at twenty plus percent interest.  That is in effect what his administration has done by funding "economic stimulus" programs with money we don't have.  It is not hard to figure out what is down the road.

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