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Wednesday, August 5, 2009

What Obama needs is a lesson in fiscal discipline

Foster's take a shovel to the President's fiscal policies:

The federal government's primary purpose these days is to shovel money out the door no matter the eventual consequences.

The nation is in recession and government has a duty to encourage and do what it can to stimulate economic recovery. But it has to be done responsibly.

What we are seeing today are repeated calls for wider shovels. Toss more paper money into the economy. Write bigger and bigger checks as if the bills will never come due. (more)

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