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RE: Stimulus Plan Spending (#4627)
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RE: Stimulus Plan Spending
by yamakaze (User #231269) on Tuesday, January 26, 2010 @ 2:42:50 PM (#4627)
Something the commentary omitted was the fact that hundreds of millions, if not billions, were allocated to Congressional districts that don't even exist. This trillion dollars borrowed from China is being foisted on little kids and the unborn, all to buy votes in the 2010 mid-term elections. "Stimulus" spending by government is merely a euphemism for the public-sector distorting and then crippling the free-market, or private sector, resulting in millions of lost jobs and retarded economic growth. It was a mistake when Pres. Bush did it, and it's a mistake for the Obama administration to set up these huge and un-accountable political slush-funds to reward political constituencies that will only leave us all deeper in debt to China and prolong real economic recovery that can only happen from the private sector that produces wealth through greater productivity.
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