Nathan Moore's Thoughts
And It Went Where…
Ben Cunningham notes that we are now officially into the un-accountability phase
The scorecard: Congress gave Treasury $350 billion; Treasury has allocated $354.4 billion.
I would paste more details, but … there aren’t any, hence, the problem. On a related note, Democrat governors want $1 trillion spent to invigorate the economy
The latest package calls for $350 billion to create jobs by building or repairing roads, bridges and other public works; $250 billion to maintain education; and another $250 billion in “counter-cyclical” spending such as extending unemployment benefits and food stamps, which are typically a responsibility of the states.
Or, maybe it’s actually because the troubled states have a budgetary imbalance of approximately $100 billion dollars. Massachusetts, New York, New Jersey, Ohio and Wisconsin are leading the charge for the cash. All are states with noted Democrat governors who have campaigned, and governed, from the left side of the ideological spectrum. Boy, that’s worked.
And no snippy comments about Bush and Republican governance. We can, however, talk about Bush emptying the treasury like a domestic liberal. Boy, that worked, too.
Two things will get us out of this recession quickly – maintaining a low tax rate structure, and promoting free trade. Removing economic inefficiencies and leaving free market money in the hands of those who know what to do with it is the best thing the government can do for the economy (this is otherwise known as “the government getting out of the way”). Eroding federalism and giving proven incompetent governors of fiscally hamstrung states more money to spend is a recipe for disaster.
















