Freedom Line Blog

From John Stossel’s blog:

What would happen if you planned your family’s budget the way the politicians plan theirs? I showed people this chart:

Everyone agreed that this would be a ridiculous household budget.

But that’s the federal budget, if you just add 8 zeroes!

Today President Obama hosts a “jobs summit” at the White House, and apparently he’s looking for ideas. Unfortunately, the folks in Congress have one in the shape of a second stimulus package – this time to be packaged and sold as a “jobs bill.” And just what’s in a “jobs bill”? Make work projects, short-term subsidies, and tax gimmicks all designed to give businesses an incentive to hire people they can’t afford without a government check. Like the first stimulus package, this kind of fix merely prolongs and deepens the problems facing businesses; namely uncertainty about the future.

If the president is truly interested in getting ideas about how to create more jobs, he should read John Stossel and meditate on this pearl of wisdom:

When government sets simple rules that everyone understands and then gets out of the way, free people create jobs.

Granted, we might lose some middle men. But until the tax system is simplified and the government stops intervening in the free market, people may get jobs, but they won’t have the kind of stability they – or their employers – need to get back to work.