"We Have to Spend Our Way Out of the Recession"

Really? We've already committed nearly $1 trillion dollars - how's that working?

The U.S. government must spend its way out of the recession, the Democrats' third-ranking House leader stressed Monday.

Rep. James Clyburn (D-S.C.), the House majority whip, said that trying to find greater savings in the budget, which was released by President Barack Obama this morning, wouldn't help alleviate the recession.

"We've got to make some decisions here as to what's in the best interests of our country going forward," Clyburn said during an appearance on Fox News. "And I think the best interest is to invest in education, control these deficits, while at the same time trying to get people back to work."

"We're not going to save our way out of this recession," the majority whip added. "We've got to spend our way out of this recession, and I think most economists know that."

Actually spending our way out of a recession has largely been discredited both by economists and by the actual results from stimulus bill. When government funds are committed to political paybacks and slush funds, as has happened with the stimulus bill, little if any good is done for the economy since few jobs were actually created. That money has been largely wasted, and since the government had to print it to spend it, the inflationary effects have yet to be seen.

The massive government spending proposed by Clyburn will simply serve to devalue the dollar, spur huge inflation, and send the economy into a complete tailspin. Democrats just don't get it.