Tom Demko Rambles

Thursday, March 13, 2008

Free Money

I am pleased to learn that the United States Congress and George Bush will soon be sending me the princely sum of $600 US. Yeah Baby! Way to go! Perhaps my credit card lenders will also send me checks for 600 bucks!

This is precisely the "new accounting" used by ENRON (I'm joking of course. Enron was reporting theoretical future revenues as assets). I could pay one credit card with another, and provided they increase my limits until I win Powerball, or am killed by a lighting strike, whichever comes first (statistically the latter) I'm set for life!

It takes the towering intellect of genius Rush Limbaugh to discover the government does not generate its own wealth. It comes out of our wallets. Fortunately the federal deficit is financed at a much lower interest rate than VISA. But the $600 will come back out of our wallets in the future...with compound interest.

Yeah sure, the economy might be stimulated, keeping tax burden from escalating...or will it? Wouldn't it make more sense to cut spending? Reduce fuel demand? But noooooooooooooo...!!!Let's party! See you at the Gas Station...

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