I want CHANGE but it looks like Washington is just to big for Obama to make a dent.
As the new Obama government begins to look at how to get the economy going, many of our legislative leaders are using the bill to spend YOUR money on non-stimulus items and the truth is, our kids are going to have to pay this back. Take a read of the Fiscal Stimulus Bill right here and decide for yourself if you think these items are focused on jump-starting the economy or if we have gotten back to “politics as usual” rather than “change is in the air”.
A Wall Street Journal editorial provides some examples of what fiscal conservatives are opposed to in the bill. A snippet:
“We’ve looked it over, and even we can’t quite believe it. There’s $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.”
Meanwhile, there are Democrats who aren’t crazy about the stimulus plan either. Here’s a lengthy excerpt from a Washington Post story:
In testimony before the House Budget Committee yesterday, Alice M. Rivlin, who was President Bill Clinton’s budget director, suggested splitting the plan, implementing its immediate stimulus components now and taking more time to plan the longer-term transformative spending to make sure it is done right. “Such a long-term investment program should not be put together hastily and lumped in with the anti-recession package. The elements of the investment program must be carefully planned and will not create many jobs right away,” said Rivlin, a fellow at the Brookings Institution. The risk, she said, is that “money will be wasted because the investment elements were not carefully crafted.”
Here are what some economists are saying: [Read more...]


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