A Voice in the Wilderness In Defense of "Mere Conservatism"

Keynes Rides Again

Speaker of the House Nancy Pelosi had this to say about unemployment benefits:

This is Keynesian Economics in its purest form. John Maynard Keynes was a 20th century economist who postulated (to the delight of socialists, collectivists, and Marxists everywhere) that due to the volatile nature of the free market economy, the federal government must move from its role as umpire and become one of the key players in the economic game. Speaker Pelosi has taken this dis-proven theory to new lows by flatly stating that unemployment checks from Uncle Sam should now be considered the equivalent of private sector job creation.

But who is paying for those "stimulus" checks?

Liberal and progressive Democrats do not wish to be bogged down with the messy details of economics. There is no self-congratulatory rush of warm emotions from telling the American people that fiscal responsibility (and math) dictate that we cannot sustain our current parade of government hand-outs. Nowhere better than in Illinois do we understand that unsustainable nature of Leftist economic policies.

As the former British Prime Minister Margaret Thatcher used to say: "The problem with socialism is that eventually you run out of other peoples' money."