I fear that the worst case scenario is that this “so called” Stimulus Bill, this endless intrusion of the government into our lives, this Europeanization of America, will appear to work. In a few months we may see the results of the huge liquidity injection into our economy started months ago and we will see a turn in the markets.

Yet few voters will see that the monetary solution is what turned our economy around; they will believe this “so called” stimulus, special interest spending frenzy is responsible, and will entrench its proponents even further.

Such huge spending can be as addictive as any drug. Once the money is spent, its proponents will attack any effort to reverse it because of the pain it will eventually cause. They are spending way too much to grow or tax our way out of this problem. They will have to cut critical spending on defense, Social Security and Medicare and cut back on much of the new spending that is causing so many more people to become dependent on the government.

The false perception of the success of this plan will be used as justification for refusing to reverse it and facing the pain that would incur. This false success is what will make this slope both slippery and steep.

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