Stossel on deficit spending

by Brian T. Schwartz | 3:33 pm, December 28, 2008 | Comments Off

John Stossel writes eloquently on the danger and injustice of deficit spending: Obama must realize that government has no wealth of its own and that commandeering scarce resources from the private sector only stifles the economy. Deficit spending does this two ways. When the Treasury borrows money, it outbids private borrowers ...

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