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	Name:	water_watcher -
	Subject:	Brilliant prediction Hound..
	Date:	5/25/2010 8:27:58 PM

I heard on CNBC tonight that we have fallen to the lowest level of income from the private sector ... 41%. Why does Washington not see that adding a government job is a financial drain to the economy and has no benefit. As we keep growing government jobs, now we only have 41% of the population to pay for them.

They also pointed out that the last 5 recessions we had, there was ZERO government stimulus other than rate cuts and limited tax cuts that are paid for through economic recovery and far less costly than government spending that will take decades to get back in line and pay back (if ever) ... and as we came out the growth was stronger and job recovery much faster. Now this time we spend $800 billion, plus all the other programs and now another $190 billion is proposed and the recovery (if you can call it that) is the weakest ever. FACT: Government stimulus using tax payer money slows a recovery.

Last fact ... the $8,000 housing credit that was paid for by tax payers, actually cost people more than if they did not get it. The "stimulus" raised interest rates short term ... since the program ended rates are down 50 basis points or more ... when you compare the 50 basis point saving over the life of a mortgage, to the $8,000 housing credit ... the 50 basis points are worth $30,000 or more even for a moderate home loan.