STIMULUS
posted in General |Last week, the Prez signed the biggest check ever written by any human being at any time anywhere in the entire history of mankind — $787,000,000,000. The Congressional debate was over a jobs bill vs a spending bill. The magnitude alone provides enough room to call it anything. Rest assured, Prez Obama will declare it a success no matter how it turns out and he will cherry-pick the results to make his case. There’s gotta be some new jobs in there somewhere.
It is accurate to describe the Stimulus as the Mother of all Earmarks – something for all of his followers and contributors. Not surprising. But friendly media coverage will push such observations well beyond the back burner. We all have to hope that the stimulus and other factors will revive our moribund economy. Then we have to hope that our “leaders” have the gumption to tackle Medicare and Social Security since those programs will not fund themselves. It would be nice to view the dawn with optimism, but staking our future on funny money is a bit chancy. Fancy rhetoric will only take us so far.
Living in a new age takes some readjustment, like labeling $20 million as chump change
and resolving debt by borrowing more. Amazing what can be done by spending other people’s money – lots and lots of it.