President Obama has suggested that we spend our way out of recession:
President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to "spend our way out of this recession."
Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient.
"We avoided the depression many feared," Obama said in a speech at the Brookings Institution, a Washington think tank. But, he added, "Our work is far from done."
Excellent plan! I like to spend my way out of debt too. After all, that is the root cause of the recession: increased risk due to aggressive spending, high levels of debt, and a lack of accountability.
If you have no plan for when things go wrong, you shouldn't do it. Of course the government doesn't get that. The only thing they get is spend, spend, spend.
Brilliant plan.
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