Spending Our Way to Prosperity?
Last year, during his bid for the Presidency, Congressman Paul clearly warned us that the current economic mess we're in was just on the horizon. He told us that our economic policy would fail and that we'd be paying the price for engaging in so much debt. From what I've seen in the video below, it looks like Fred Thompson is borrowing from the Ron Paul playbook.
This video would have been a whole lot funnier to me if Thompson and the other Republican candidates during the election cycle hadn't spent the entire primary mocking Congressman Paul's insightful theories and policies on financial responsibility. But instead of truly thinking through the issues of monetary policy, they laughed him off and continued their rhetoric about the war in Iraq and the safety of Americans in an age of terrorism.
Spending our way out of this situation is an EXTREMELY viable solution. If you hoard money than the only thing you pay on it is taxes once a year. Very meager taxes at that. If you continue to live your life like a normal person because lets face it, most of us are having little to no issues, the economy will bounce back.
Spending money we have, wisely, is a great idea to be sure.
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Nathan Key likes to think about faith and philosophy and talk about it with others. He lives with his family in New Hampshire. He doesn't always refer to himself in the third person.