I love Thomas Sowell.
Read this whole thing. He is such a dude.
"No previous administration in the entire history of the nation ever
finished the year with a trillion dollar deficit. The Obama
administration has done so every single year. Yet political and media
discussions of the financial crisis have been focussed overwhelmingly on
how to get more tax revenue to pay for past and future spending."
"The very catchwords and phrases used by the Obama administration
betray how phony this all is. For example, "We are just asking the rich
to pay a little more."
"This is an insult to our intelligence. The government doesn't "ask"
anybody to pay anything. It orders you to pay the taxes they impose and
you can go to prison if you don't. Then there are all the fancy substitute words for plain old
spending-- words like "stimulus" or "investing in the industries of the
"Using lofty words to obscure tawdry realities extends beyond the
White House. Referring to the Federal Reserve System's creation of
hundreds of billions of new dollars out of thin air as "quantitative
easing" makes it seem as if this is some soothing and esoteric process,
rather than amounting essentially to nothing more than printing more
"Debasing the value of money by creating more of it is nothing new or
esoteric. Irresponsible governments have done this, not just for
centuries, but for thousands of years. It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all."