Real stimulus

Federal power grabs called "stimulus" bills haven't worked. Hanging carrots outside banks hasn't done it. Now the Federal Reserve is going to try to stimulate the economy with a $600 billion bond purchase it hopes will drive interest rates even lower and get people borrowing again. ...

Isn't excessive borrowing what got us into this mess in the first place?

People who are working don't know how safe their jobs are.

And they think people will rush out to get deeper in debt - or that they even should?

We don't need more of other people's money. What we need is more of our own.

Instead of the Fed spending $600 billion on bonds, and instead of Washington's nearly $1 trillion stimulus plan that failed utterly to get the economy moving, why don't our leaders do the sensible thing? Why don't they let us keep more of our own money?

Rather than enrich the government with borrowed money and let some of it trickle slowly down, why doesn't the federal government enact a six-month or yearlong moratorium on federal income taxes?

The difference would show up within weeks, if not days - and in your pocket, not in Washington. Imagine the stimulative effect of letting Americans keep nearly all of what they earn. ...

- The Augusta (Ga.) Chronicle