HolyCoast: Jesse Jackson Jr.: We Should Ignore the Constitution and Bail Out Everybody

Thursday, October 13, 2011

Jesse Jackson Jr.: We Should Ignore the Constitution and Bail Out Everybody

The nut doesn't fall far from the tree (from an interview with Rep. Jesse Jackson Jr by the Daily Caller):
“President Obama tends to idealize — and rightfully so — Abraham Lincoln, who looked at states in rebellion and he made a judgment that the government of the United States, while the states are in rebellion, still had an obligation to function,” Jackson added, “On several occasions now, we’ve seen … the Congress is in rebellion, determined, as Abraham Lincoln said, to wreck or ruin at all costs. I believe in the direct hiring of 15 million unemployed Americans at $40,000 a head, some more than $40,000, some less than $40,000 — that’s a $600 billion stimulus. It could be a five-year program. For another $104 billion, we bail out all of the states … for another $100 billion, we bail out all of the cities.”
So, who gets to decide who gets more than $40,000 and who gets less? And how about all those people out there working for a living that make less than $40K? How fair is this to them?

You know what would happen if you actually tried something like this? People making less than $40K would have an incentive to quit their jobs and apply for a paycheck from the government for five years instead. Why work some manual labor job if the government is willing to pay you for doing nothing? You effectively monetize sloth.

This is the same mentality that replaced the black father with a government check in inner cities around the country and destroyed the black family.

And of course, after you've bailed out all these people with Chinese money, how are you going to pay it back?  The work ethic in America will be essentially destroyed for five years, and all that will do is lead to a more devastating financial collapse.

2 comments:

Larry said...

“For another $104 billion, we bail out all of the states.”

Just to get a feel for the magnitude, here's the debt of each of the five most-in-debt states.
CA: $371 billion
NY: $282 billion
TX: $211 billion
PA: $130 billion
FL: $128 billion
IL: $122 billion

Total debt of all the states combined is almost $3 trillion.

Sam L. said...

Rick, you're talking like a (gasp) Conservative!