I'm going to cut and paste a bit here to simplify my point.
I've been traveling and up for about 48 hours right now..
I didn't intend to do any follow up questions in this thread, but it's apparent that no one other than you seems to want to express their support for the bill. So I needn't worry about participation.
You may be oversimplifying more than I intend you to, but yes. Short term nothing is going to happen,
So it's not a stimulus, it's just wasteful spending?
so really that will just help people put food on their tables or pay down debt.
$8 a week?
Stimulating anything... yeah, I agree, it really is a poor name for the bill. The Pork Bill is more like it.
So,the Democrats are lying to the public. $4B to ACORN isn't going to stimulate the economy now or ever. They used packaged it as a stimulus to trick the otherwise overwhelmed and disinterested masses?
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I do like seeing the money in there for infrastructure development and public works projects, because our aging roads/bridges/pipelines/power grid/etc will eventually need to be addressed,
But the problem is, such a small amount of the total being spend is going to things of that kind of importance.
Modernizing the roads, the electrical grid, nuclear power plants, ect... Though I'd be reluctant to support all of it, if it were in a monolithic spending bill,while I might oppose the packaging, I'd recognize the value in such projects. Despite the cost, there'd be tangible value added to the country and improved efficiency and security. But those elements of the bill were an afterthought. They also represent about 9% of the total bill... What about the other 91%.
Fundamentally, the American people and businesses have taken on way too much debt over the past decade or two, and the time has come to pay the price for such irresponsibility. I can only hope that we as a country will learn from this, so that future generations don't try to buy a $2M house on a salary of $50k a year, while driving cars worth triple their annual salary and drinking $5 cups of coffee every morning.
Do you think there might be some consequence associated with an additional $1,000,000,000,000 "stimulus" plan that doesn't stimulate? On top of TARP 1 and 2 and the private Fed guarantees in the trillions. On top of the coming social security crash as the baby boomers retire?
We both seem to agree that there's no "stimulus" in this plan.
I'm going to assume we both agree that there isn't enough REAL infrastructure in this plan.
And I think we both agree that there will be an economic consequence for spending another TRILLION dollars on a pork project that doesn't do what it's advertised to do. Personally, I think it might be catastrophic.
I dont' understand how you can support a bill that was rushed through the congress under the false pretense of stimulus, spending only 1/10 of the money on infrastructure, and will have no positive stimulating effect on the economy- a point reinforced by the horrific drop in the stock market this week, and the thousand dollar gold.
