Posted by: chronicler55 | February 16, 2009

Quotes on the “Stimulus”

From the Father of the Constitution

“If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one….” –James Madison

From the former House Majority Leader

“Years ago I developed the ‘Armey Curve’ to explain the negative burden government has on prosperity. The idea, borrowing liberally from Arthur Laffer’s curve (which demonstrates that tax revenues fall when the tax burden gets so high that it no longer pays to work), is that at some point the burden of government spending exceeds the private economy’s ability to carry it. ‘Stimulus’ spending often does more harm than good, because it takes more money out of the system than it creates and thereby destroys jobs and leads to stagnation and diminished prosperity for all.” –former House Majority Leader Dick Armey

Thanks to the Patriot Post

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