You can dig all you want, but there is no pony hiding under the Democrat’s stimulus manure pile. They have shoved all kinds of pork in the package for their supporters. They are even trying to pay off Acorn for acting as their agent in the last election. According to the CBO, only $26 billion would be spent in this fiscal year. Most of the rest of the stimulus won’t be spent until the economy has recovered on its own. Republicans should ready “the filibuster” and bury this stinking pile of manure. If Barack Obama wants to stimulate the economy, let him lower taxes.
An overoptimistic stimulus plan
By Jeff Jacoby
Globe Columnist / January 28, 2009First of two columns
RONALD REAGAN loved to tell the story of the unfailingly cheerful little boy who wakes up on Christmas morning to find, instead of presents, an immense pile of manure. Undaunted, he grabs a shovel and starts digging. “With all this manure,” he says excitedly, “there must be a pony in here someplace!”Is there a pony somewhere in the $825 billion “stimulus” plan that Democrats in the House of Representatives plan to bring to a vote this week? The Congressional Budget Office started digging into this immense pile of, uh, deficit spending, and what it found would discourage even a Reagan-caliber optimist.
According to the CBO, less than half of the $355 billion the bill allocates to infrastructure and other “discretionary” projects would actually be spent by the end of 2010; of that, a mere $26 billion would be spent in the current fiscal year. “The rest would come in future years,” the Washington Post reported, “long after the CBO and other economists predict the recession will have ended.” Excerpted from boston.com
Found on Intellectual Redneck
