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Another Classic Rant From Rick Santelli: Stop Spending, Stop Spending, Stop Sending

by @ 2:11 pm on June 28, 2010. Filed under Economics, Individual Liberty, Politics

The guy who set the fire that started the Tea Party Movement was in rare form again this morning:

5 Responses to “Another Classic Rant From Rick Santelli: Stop Spending, Stop Spending, Stop Sending”

  1. Brent Friar says:

    Stop spending seems like a pretty good start to me. Follow that up with no more pork, single subject legislation, plain English legislation and we might have a chance at turning this ship around.

  2. mdan says:

    ‘Stop spending’ at a time when govt. spending is supposed to help kickstart the economy? The logic of that continues to elude me. The real problem is govt. spending should run counter to the economy – lower when the economy is working well and tax revenues are higher (while it simultaneously amasses somewhat of a ‘rainy day fund’), higher when the economy is down (using some of that rainy day fund). But neither party has any interest in cutting spending in good times or in setting aside cash for contingency needs tomorrow when it could go to your pet program today.

  3. Beth says:

    A Very Wise man (my grandfather) who lived during the depression told me that “You can’t borrow or spend your way out of debt. You have to learn to separate your ‘want’s’ from your ‘needs’!” Stop spending- are we are all going to need a handout!

  4. Beth says:

    I meant “or” not “are”. Sorry.:0)

  5. mdan says:

    True, you can’t borrow or spend your way out of debt. But that’s not what we’re talking about. We’re talking about stimulus money to restart the economy. The only way to get out of an economic slump is to grow out of it. And you can’t grow if there’s not someone somewhere putting money into the system. Would it be vastly more preferable if Adam Smith’s Invisible Hand was putting that money in? Of course. But that’s not been happening at – to some people’s way of thinking – a satisfactory rate. Hence government intervention. If you want to talk about debt issues instead of economic stimulus, fine – let’s quit paying for welfare and state police and hospitals and prisons and Medicare and all the other useless stuff politicians put our money toward.

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