Governor Mark Sanford didn’t pull any punches when he described the spending of the federal government.
The United States faces a Zimbabwe-style economic collapse if it keeps “spending a bunch of money we don’t have,” South Carolina Gov. Mark Sanford said Wednesday.
Sanford, a Republican, has been an outspoken critic of the Obama administration’s $800 billion stimulus plan. He said he’ll turn down about a quarter of his state’s $2.8 billion share unless Washington lets him use that money to pay down debt.
“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.
Needless to say Governor Sanford is being mocked by democrates and RINO’s for his fiscal discipline. But he’s right! How long do you think we can keep printing, borrowing and spending money before it catches up with us?
Update: Governor Stanford spoke to Greta Van Susteren about his reasons for refusing part of the Porkulus money. To all you libs out there, think of your own personal situtation. If you were having financial problems would you dig yourself into more debt or would you stop spending money? Governor Sanford makes sense. Video below.
[...] Leave a comment [...]
Like or Dislike:
0 
0