Wednesday, October 15, 2008

Rudd's stimulus

The government is going to spend over $10 billion to stimulate the economy. However are handouts really the best way to do it? Why couldn't we have tax cuts? Handouts make people dependent on the government tax cuts liberate us from the state.

I'm also concerned about the home owners grant all that will do is increase housing prices, a fear shared by the Real Estate Institute. It was pumping up housing prices that got the Americans into this mess I can't see why we need to repeat the same mistake here.

Stephen Kirchner also doesn't like the plan and explains why in the Wall Street Journal.

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