House Passes New Stimulus, er Jobs Bill

The House narrowly passed a new stimulus package, er jobs bill that will cost tax payers an additional $116 billion. This package was scaled down from an original $200 billion, and comes on the back of last year's $800 billion stimulus package that didn't quite turn out as planned.

Here's a thought....repeal Obamacare and businesses won't have the dis-incentive to hire any more. Another thought...forget about cap and trade legislation for now. Another thought, extend the Bush tax cuts for another decade.

If you want this economy to get moving, you have to put more money into the pockets of Americans. You have to give businesses the incentive to hire. Many are sitting on the sidelines, waiting to see what the ramifications of Obamacare and cap and trade will be.

Tax cuts did not cause these deficits. Too much government spending is what caused them. Whether it was on the Iraq war, other needless programs, the TARP, auto bailouts, stimulus package, Medicare and Social Security waste, etc., it was government spending.

Wasteful government spending is far worse than most people even know about. In my business, I've seen first hand how the government pisses away our money through inefficiency and bureaucracy. Near where I live, the government wanted to build a new federal building. But, they could never figure out where to build it, and they could not come to an agreement with the local government. Over time, the government spent millions on consultants such as myself. My business benefited from that waste temporarily, but it was a drop in the bucket compared to what the government spent on that project alone. A lot of the waste was a result of lack of common sense among the decision makers. It was truly scary. It has taken six years for the government to choose a site, one that had been presented to them from the beginning.

So, here we are, faced with a huge government deficit, high unemployment, and the prospect of higher taxes down the road. Do you think that is a recipe for a strong economy?