Posted by Tina
Please read this terrific article about the foolish way government tackles recessions:
‘Stimulus’ Plan Is Really About Enlarging Gov’t, by Thomas Sowell – IBD
** Spending money for infrastructure is another time-consuming way of dealing with what is called an immediate crisis. Infrastructure takes forever to plan, debate and go through all sorts of hearings and adjudications before getting approval to build from all the regulatory agencies involved. *** Out of $355 billion newly appropriated, the Congressional Budget Office estimates that only $26 billion will be spent this fiscal year and only $110 billion by the end of 2010. *** Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell it that your house is on fire. **
To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s.