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Archive for August 15th, 2008

With most of the rebate checks cashed, it is obvious the plan failed, he said. Consumer confidence in the economy was not boosted by this fiscal bailout idea.

Instead, the rebate plan backfired. It only added about $20 billion to consumer spending, while about $80 billion was added to the national debt.

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The first step in restoring our freedom and prosperity is to realize the propriety of Mr. James Madison’s statement in the first paragraph above; for without the “sense” of its meaning and importance the security of our prosperity and freedom is not secure from the ravages of The U.S. Congress.

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