Pet projects...(sm)
Posted By: Just the big bad on 2009-02-28
In Reply to: O.K. friend, I LOVE tax reform for the wealthier bunch, the small fry like us have been shouldering - Cyndiee
By this I'm guessing that you're talking about stuff in the stimulus? If so, my understanding was that those are "shovel ready" projects that will be immediate. I think he asked for those in the first meeting he had with the govenors, and I think all states had the opportunity to participate in that. As far as the longterm goes, if we go with the alternative energy and re-tooling the auto industry (assuming there still is one), then wouldn't that be a start?
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Pet projects
But the true evil of this spending boondoggle is not so much its title as its substance. Virtually every pet project and constituency of the Democratic Party will be at the receiving end of the billions of dollars rushing down this latest federal money sluice. The disaster that is this “recovery and reinvestment act” is made far worse by the fact that every single one of its more than $800 billion bills is borrowed.
When all is said and done according to the government’s own estimate, this spending measure will add more than a trillion dollars to our national debt which already tops $10.2 trillion.
Moreover, this appropriations vehicle comes on top of last year’s “Emergency Economic Stabilization Act” —- the so-called “bailout” —- and the now small, $152 billion 2008 “Economic Stimulus Act.” Thus does the true magnitude of the damage to the value of our currency and to the future economic health of our nation start to come into focus.
State and local government officials, including our own here in the Peach State, are already gleefully counting the billions they are slated to receive from Washington’s “reinvestment” largess.
These are the same spendthrift state and local governments that have failed for decades to keep their own spending under control.
Throwing even more federal money their way simply rewards their irresponsibility, and further disguises the necessity for state and local governments to rein in their own spending.
Some of the details of the “reinvestments” in the House’s version of the stimulus package are truly amazing. For example:
> A billion dollars will continue to subsidize the perennial money loser, Amtrak; $20 billion expands the already bloated food stamp program.
> About $2 billion is diverted from the wallets of hard-working Americans to subsidize childcare. Some $2.8 billion is slipped to global warming advocacy programs.
> $600 million will buy more and newer cars for government bureaucrats, along with $44 million to refurbish the Department of Agriculture, $50 million for the National Endowment for the Arts, and $150 million to spruce up the Smithsonian buildings.
> Another $650 million is earmarked for helping consumers convert analog TVs to digital (because the government earlier decided to halt analog television broadcasting). More than $400 million promotes anti-smoking programs and programs to fight sexually transmitted diseases. Those are just the tip of the fiscal iceberg.
There are minor differences in the House and Senate versions, but overall the amount of money spent and the amount of pork in each is outrageous and harmful; and besides, the House-Senate conference may very well add back in what the Senate took out but really just shifted around, in a typical example of congressional legerdemain.
When all the dust settles, the only thing this fiscal monstrosity will “stimulate” is making American citizens, businesses and state and local government even more dependent on Uncle Sam than before; even as we and our children and grandchildren are rendered the poorer.
Do you mean because we can figure on 500% cost overruns on all these projects? sm
I use the interstate. After all, I have to visit my vast real estate holdings scattered hither and thither around the state. Us wealthy folks are like that.
Now, I just checked with my chauffeur as to his opinion. "Wigweevil", I said. "Wigweevil, tell me. How is the state of the interstate in your opinion? And take off that cap while you're inside the mansion!"
"Sire", said Wigweevil (he pretends he lives in feudal England). "Sire, what do you mean by the state of the interstate?"
"Well, you know, Wigweevil. That road thingie that runs from one village to the next. Is the concrete, or mortar or whatever you call it. Is it all there? No yawning caverns? And the bridges - not too wobbly, I trust?"
"No, sire. The asphalt or macadam is entirely intact and the bridges seem trustworthy."
"I see, Wigweevil. That greatly relieves my mind. How about animals? No vast herds of buffalo wandering about on the asphalt or macadam? No dodging around charging rhinocerussusses? Everything in order along those lines?"
"Quite, sire."
"Very good, Wigweevil. Well, I am hearing that the interstate is becoming a veritable wilderness, so I want you to put the elephant gun in the car against the eventuality of rhinocerusseses in the future. And you might throw my water wings in the trunk in case a bridge collapses and throws us into the drink. That is all, Wigweevil."
"Very good, sire."
You consider Social Security and Medicare expanding government projects, t hen?
Help me understand this concept. I am afraid the logic escapes me.
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