We've all seen the advertisements: "No Job, No Credit, No Problem." In reality, there is a big problem with this kind of attitude. Simply put, bailouts should not occur.
 
Government cannot create wealth. We must recognize that when politicians spend your future tax contributions on a public project, they merely burden you to pay for it. If the government takes a dollar from your paycheck, that is one less dollar that you have to spend on an item in the private sector. That private sector is where wealth is created, not the temporary government jobs and stimulus projects which borrow against our children's future.

Our spend, spend, spend consumer-driven economy is correcting itself. Savings rates are improving, which will eventually allow for additional loans and investments in private enterprise. Do not be fooled. You, the taxpayer have been left holding the short straw in these endeavors. The result will be inflation. Inflation is an insidious form of taxation. You merely watch your purchasing power disappear, rather than argue with a tax collector. The result is the same. New Mexicans have less purchasing power. No more taxpayer bailouts.