SC Governor Mark Sanford rejects stimulus money and Zimbabwean economics
You've got to hand it to Mark Sanford. When it comes to fiscal issues, he's a well known penny-pincher, (sleep on the floor in his congressional office...wears the same old blue sportcoat) and he has a simple, common-sensical way of explaining his thoughts on the subject, (like carrying pigs into the statehouse to protest the budget).
Add to that some knowledge of history, current events and the likely impact of our present-day fiscal policies.
His thoughts? We're about to head the way of Zimbabwe.
"What you're doing is buying into the notion that if we just print some more money that we don't have and send it to different states, we'll create jobs," he said. "If that's the case, why isn't Zimbabwe a rich place?"
Zimbabwe has been in the throes of an economic meltdown ever since the southern African nation embarked on a chaotic land reform program. Its official inflation rate topped 11 million percent in 2008, with its treasury printing banknotes in the trillion-dollar range to keep up with the plummeting value of its currency.
Yep, that's what happens when you keep running the printing press.
And, in our case, we're already running it at a rate that will create a budget deficit THIS YEAR that's equal to the collective deficit during eight years of George Bush.
Inflation, here we come.
Sick of it, click here and tell your members of Congress to "Stop the Spending"!