There is a principle called “Occam’s Razor,” which has been interpreted to mean that the simplest of two competing theories is usually the right one. This comes to mind as President Obama and the flying monkey minions in Congress scramble frantically to ram a trillion dollar “stimulus” bill down American’s throats with no debate, no discussion, and almost no understanding of what is in it.
And what is in it makes it abundantly clear that this is no “stimulus.” It is riddled with hundreds of billions of dollars in pork, payoffs to special interest groups, massive increases in welfare spending, new and more bloated federal bureaucracies. What’s worse, we don’t actually have the money for any of it. It will have to be taxed, printed, and borrowed, all of which will make our economic situation worse, not better.
But … but … the President and the Democrats don’t know this?
Of course they do. For weeks, seasoned and well-respected economic and financial writers from the Wall Street Journal, National Review, the Weekly Standard, the Heritage Foundation, the Cato Institute, Americans for Tax Reform, the American Enterprise Institute, the Hoover Institution, and God-only-knows how many others have been explaining why this bill will not jump-start the economy. Even the Congressional Budget Office has admitted it will make things worse.
Laura Hollis is an Associate Professional Specialist and Concurrent Associate Professor of Law at the University of Notre Dame, where she teaches entrepreneurship and business law. She is the author of the forthcoming publication, “Start Up, Screw Up, Scale Up: What Government Can Learn From the Best Entrepreneurs,” © 2014. Her opinions are her own, and do not reflect the position of the university. Follow her on Twitter: @LauraHollis61.