Plans are being circulated for the congress to spend $1T in the next few weeks, yet no details have been released. I'm very interested to see what is being planned because a trillion is a shit load of money.
My major complaints are bailouts for states and cities. California and New York deserve exactly what's coming to them. I do not want a bailout just when the years of fiscal mismanagement come home to roost. Obama says the stimulus will be for infrastructure projects. If there is a legitimate need for an transportation project that was deemed to be too expensive before, but would greatly benefit a lot of people. Then the stimulus would have my full support. But if a cent of the stimulus goes toward state operating budgets so they can afford to pay their poorly written union contracts which have already bankrupted the state, then I believe that to be a major slap in the face to any state which exercised fiscal restraint. We no longer live in a capitalistic democracy, so the voice of the people are no longer a concern to the ruling bureaucrats. But it's still important to watch what's being planned, so we can realize the extent we're about to get screwed. Maybe Obama turns out to be the real deal, and the entire $1 stimulus goes to nation building...
Time will tell.
My major complaints are bailouts for states and cities. California and New York deserve exactly what's coming to them. I do not want a bailout just when the years of fiscal mismanagement come home to roost. Obama says the stimulus will be for infrastructure projects. If there is a legitimate need for an transportation project that was deemed to be too expensive before, but would greatly benefit a lot of people. Then the stimulus would have my full support. But if a cent of the stimulus goes toward state operating budgets so they can afford to pay their poorly written union contracts which have already bankrupted the state, then I believe that to be a major slap in the face to any state which exercised fiscal restraint. We no longer live in a capitalistic democracy, so the voice of the people are no longer a concern to the ruling bureaucrats. But it's still important to watch what's being planned, so we can realize the extent we're about to get screwed. Maybe Obama turns out to be the real deal, and the entire $1 stimulus goes to nation building...
Time will tell.