government bailouts

 

My colleague Jim Waters at the Bluegrass Institute for Public Policy frequently takes a stand for capitalism in his weekly syndicated column. Jim writes with passion and firmly believes what he writes about. I admire Jim’s passion, but I don’t always agree with his positions.

 
 

Previous posts by me make it pretty clear that I am no big fan of government bailouts.

But I am a proponent of figuring out a way to avoid them ever again. That said, the economic news today should scare even the most ardent supporter of the myriad economic stimulus plans.

The national debt now exceeds $1 trillion. The public cannot lay all that debt on the current administration.