Trader's Blog Contest For March

"Is The Government's Spending Out Of Control?"

Yes, No... Don't Care? The new administration is tossing around billions of dollars, but are the allocations justified? Do you think that the proposed stimulus package is money worth spending, or do you think that things have gotten out of hand?

Just answer... Yes, No, or Don't Care (specific opinions optional)  to be entered in a drawing for the prize below.


Winner will receive 3 DVD workshops on Taxes & Trading from our authors in INO TV and a hardback copy of "Trade Your Way To Wealth" by Bill Kraft. If your comment is drawn, your prize will be mailed to you courtesy of INO TV. No shipping, no handling, no catches.

How To Enter:

Comment on this post telling us if you think that the government's spending is out of control. Just write YES or NO, but feel free to voice your opinion... just keep it clean!


1. This contest is open until 11:59 PM on March 31st, 2009.

2. No wrong answers, any participation counts as an entry.

3. One entry per email address.

4. Winner will be picked by random integer software.

5. Winner will be contacted on Thursday, April 2nd, 2009 via email.

Good luck!

259 thoughts on “Trader's Blog Contest For March

  1. No, but they spend money anyway always forgetting where it came from with no regard for the voters in other STATES.

  2. No, it isn´t. In fact, it´s bank credit creation which is cyclical - at least over the long term -, whereas - again over the very long term - fiscal spending creates the element of growth that let´s an economy expand beyond the boundaries inherent in the "exchange in equilibrium"-paradigm. It is, of course, not irrelevant whether that spending goes towards creating an interstate highway system - as in the 50s, e.g., - on the one end or towards wars on the other end of the spectrum of imaginable uses for government money.

  3. Yes definitely; It will create hyperinflation, and it is not what the american dream is about. You'll have socialist and protection for the poor, the rich will be still rich, and the middle class will end up paying for everything and poorer for it. There will be no incentative for the poor to climb out of hole...Like England after the Great Depression and the country as a whole will not benifit.

  4. Yes. It's cost our chinese government, world biggest American creditor may suffer a big loss.

  5. Perhaps the best reply to the question “Is The Government’s Spending Out Of Control?” is another question: "Was it ever under control?"

    I note a number of savvy comments here. It appears your readers are more fit to govern than the official gubbmint is. Is anyone surprised?

    Yet all this was implicit in the creation of the so-called Federal Reserve Bank of the US, which in truth is not federal, has no reserves, and isn't a bank. This is due to the nature of usury and the fractional reserve banking system which was designed to perpetuate it.

    If one studies the mainline histories of banking, economics, and governance from the past 5000 years, it rapidly becomes clear that all civilizations larger than five million people are subject to mass frenzies of self-destruction, whether ecological or economic [both words have the same root, and for good reason!].

    Even more consistently, history reveals that the velocity of these mass failures has increased, so much so that Nikolai Kondratieff was able to predict national collapse every seventy years, overall. If one takes the Panic of 1873 as a proper benchmark to the current implosion [which by its nature it certainly is], then adding 140 to 1873 yields 2013, which is close for Canada [where I live], but not Quebec!

    Jokes aside, it is long past time for nations to identify and remove usury and return the money power to its peoples. If your readers wish to truly understand what money means and about, they MUST read Stephen Zarlenga's "The Lost Science of Money", his magnum opus and exactly what is needed to correct this pathetic self-destruction.

    But perhaps humans are merely the largest economic lemmings ever, sort of a prehistoric holdover due for extinction....

  6. Yes. They aren't going to stop until they realize we are not
    going to put up with their actions. The Tea Parties nationwide
    on 4/15/09, all need to be in WASHINGTON!

    Until they see live people, in Washington in peaceful demonstrations.

    They will not take us serious!

    That was seen with the Stimulus Bill. They were receiving
    9to 1 against and they ran it through. The most unstimulus
    socialist agenda, this country has ever seen.

    They aren't through yet.

  7. No, in fact I agree with Noble prize winning economist Paul Krugman that the stimulus package combined with the Obama budget is too small to get us out of the ever-deepening recession/depression we are sliding into. We really have no other good options. If the Treasury and the Fed do a good job, they will be able to prevent big inflation a couple of years from now.

    I'm waiting for the Republican budget as promised by Boehner last week. He said it will be released soon. We will then see how difficult it is to come up with a good plan when you inherit a $1.3 trillion dollar annual deficit from the outgoing administration.

  8. Yes. But the question is too general. Govt spending is almost always considered excessive when those providing the money do not feel they are getting enough in return. On the other hand, when govt shows up to the rescue, any amount of money spent is not enough.

  9. Yes, this Administration's policies devalue everything. However, I really don't see much difference between Obama and Bush. Politicians ruin our great country to pay back those who put them in power and "Money Masters" have no love for America. Their only desire is to consume; to drive their hot Ferraris and jet to one of their many mansions around the world. Our great democracy, our homeland, our country, America's flesh and entrails are devoured by globe trotting parasites, so Obama can have his power. Or our we not suppose to notice--- "the Emperor is wearing no clothes"---no change?

  10. Yes, but when Washington runs out of good ideas there is always Tax and Spend, Tax and Spend, Tax and Spend. It is a real shame that our congress cannot work together to solve the nation's problems rather than grandstanding to try to get reelected.

  11. Yes, If we were led to believe this was for the good of the people.The banks would not have recieved the money.Give the people the money they would go and spend it most of it right to the banks.This was about bad ,recklace cdo s derivitaves at the heart of the problem.

  12. Yes it is.
    And I think the government is aware about it, but they hope it will work. I just don't want to see what happens if it doesn't.

  13. Yes it is out of control and The G 20 tomorrow will begin discussing the terms of our bankruptcy.

  14. Yes. But not because we are in danger of hyper-inflation, but because we are giving free money to crooks. The US has become a banana republic, complete with an all-powerful-not-to-be-defied oligarchy. Those who doubt this should read "The Quiet Coup" in The Atlantic, written by a former chief economist of the IMF:

    "The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time."

  15. oh yeah........we are digging a giant hole that threatens to suck the whole economy down............

  16. I have been trying 2 decide all month whether I want these workshops and books enough to post a comment. I guess I do...

  17. yes, when will the printing machine run out of ink. they should let these businesses go bankrupt period.

  18. Absolutely, personal responsibility has been whipped to death from the "me" society.

  19. Yes, Government Spending is out of control, look at those thousands earmark sign in the stimulus bill, when president Obama promise for change in capitol hill, it's business as usual, it's shameful for these people in congress whose claim to represent us the ordinary working people, instead they just enrich themself. Taxes and spending YES it's highway to hell for younger generation.

  20. The government is out of control. The middle class, the hard working Americans that build this country, always pay for the sins of the rest (poor or rich). Only a revolution will stop this madness.
    Thank you

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