Monday, February 2, 2009

Stimulus for Who?

This week the House is expected to pass an $825 billion economic stimulus package. In reality, this bill is just an escalation of a government-created economic mess. As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate. So much for change. This is déjà vu. We are again being promised that its passage will help employment, help homeowners, help the environment, etc. These promises are worthless. This time around especially, Congress should know better than to pass anything of this magnitude without first reading the fine print.

The Senate will tweak the bill to make it less despicable for constituents but it will still be an enormous burden on us and our descendants. But wait! Could our descendants refuse to pay the bill? More on that in the next post...

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