Posts Tagged ‘borrowing money’

A Better Plan?

September 8, 2011

Who, in their right mind, would spend a dollar, that they need to borrow,  to make a dime?

I ask this question in advance of the president’s speech tonight because I am hoping that he is not going to propose spending billions of dollars on a job stimulus project.

We would  have to borrow the money.

We would get back only a small portion in taxes.

It would provide only a temporary improvement.  When the federal money runs out, those people would again be out of work.  It is not a permanent solution.

I sincerely hope that he has a better plan, than spending money we would have to borrow.  The increased debt would last longer any benefit.