Letter to Senators RE: Stimulus
I emailed my senators, Warner and Webb, regarding the current “stimulus” scheme before the Senate. Supposedly a compromise has already been struck, but I want to make sure they are aware of my dissatisfaction with their support for last year’s bailout, and my strong opposition to the next phase of the massive transfer of wealth and power in this country.
The text of the letter follows:
Senator (Webb/Warner):
I am writing to you today in strong opposition to the proposed “stimulus” package now being debated in the Senate. Not only is the stimulus package a massive redistribution of wealth and power from taxpayers and the private sector to politicians and the federal government, as a practical matter there is no reason to believe it will actually provide a net stimulus to our economy.Fiscal stimulus packages have been tried before, with dismal results. FDR’s New Deal prolonged the Great Depression, Japan’s experiments with massive government spending were rewarded with a huge national debt and a decade of lost growth, and recent attempts to spend our way out of a fiscal crisis by presidents Ford, and more recently Bush, have failed.
Even if you accept the claim that massive government borrowing for short-term spending makes economic sense, the stimulus bill fails that test. $400 million for STD research? $200 million for electric vehicles for the military? $650 million for more DTV converter coupons? Hundreds of billions of dollars of spending over ten YEARS, when the economy is in trouble NOW? Even Keynes would find this stimulus package hard to swallow.
For additional reasons why the so-called “stimulus” package will fail to stimulate the economy while succeeding leaving generations of taxpayers on the hook for our large and expanding debt, I encourage you to review http://www.freedomworks.org/publications/top-10-reasons-to-oppose-the-stimulus
Much to my dismay, you voted in support of the President’s bailout scheme last Fall. I hope you see now how ineffective it has been, and that further giveaways to the politically connected at the expense of generations of taxpayers will only deepen our economic troubles.
Please let me know what you are going to do.
Sincerely,
Adam J Nelson
Herndon, VA