Monday, October 12, 2009

Why government bailouts can't work

Where does the money for the "bailouts" come from? Taxes. Where do taxes come? The people and businesses who are working. What happens if you keep raising the taxes to get more money for the bailouts. Less people and businesses will be working and more will need bailouts.

Hmmm.

Eventually everyone will be in the little red wagon and no one will be pulling it, and we'll all be going exactly nowhere really fast.

As President Regan said, "Government is not the solution to the problem. Government IS the problem."

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