Stand in a bucket

Posted on February 13, 2013 by

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Gas PricesWinston Churchill once famously said, “We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”

Needless to say, we’re a tad skeptical about Obama’s economic plan that calls for more spending by the government, which will somehow lead to more prosperity. So if we stand in a bucket….?

Take a listen: I Spy Minute for Wednesday, February 13, 2013. Or you can read the transcript, below.

Follow Mark on Twitter: @iSpyRadioShow

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It was bound to happen. Speaker John Boehner was eventually going to say something that I completely agree with.

Obama called for spending increases and all that new spending will solve our economy.

Boehner said, quote, “If government spending were the tonic for all our ills, this would have been solved a long time ago.”

And that’s absolutely right! If government spending were the cure, then why stop at a measly $4.5 trillion? Let’s double our spending. Or triple it! That’ll fix everything.

A simple logic test is to follow any policy to its ultimate conclusion. Or put another way, if we do more of what we’re doing, will it get us the results we want?

More government spending only creates a bigger government, which, of course, is what Obama wants. (Oh, and he’ll do a lot more of that policy.)

But imagine cutting spending to the point where government is as tiny as possible, which would allow people to keep more of what they earn. Imagine for a moment if everyone—rich and poor—got a 20 or even 30% raise.

What effect would that have on the economy?

For the I Spy Minute, I’m Mark Anderson.

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Posted in: Economy, Multimedia