Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.
John StosselI'm an American. I'm for prosperity. I've discovered, from 40 years of reporting, that what creates prosperity is limited government.
John StosselPeople acting in their own self-interest is the fuel for all the discovery, innovation, and prosperity that powers the world.
John StosselGovernment has no wealth of its own. Before it gives anything to anyone, it must take from those who produced it.
John StosselGovernment has no money of its own. All it does is take resources from one group and given them to another.
John Stossel