Looks like nobody knows how to spend like the good ole gubbamint, eh? How do you manage to lose $1 billion dollars in the span of 4 days? Easy, promise everyone a program that has no need and you'll find out that within a WEEK, you need an additional 2 billion dollar injection to save a program.
And these are the same morons who want to run our health care? The same morons who say they will be able to keep health care spending under control? Here's a better reading of keeping health care that people will like...and it involves MINIMAL involvement of the liberals in government.
Otherwise what you'll get is a new kind of clunker program...one in which the government considers your parents and grandparents to be clunkers to be traded in rather than allowed to live a full life.
Quoting Peter Schiff:
ReplyDeleteThe recently passed “cash for clunkers” program (currently on-hold, as it ran out of funding in one week) is a perfect example of how government policy can make the economy worse. By incentivizing Americans to destroy fully paid-for cars so they can go deeper into debt buying brand new ones, the government weakens an already crippled economy. The last thing we want to do is subsidize Americans to go deeper into debt by buying more stuff. Don’t they realize that is precisely the behavior that got us into this mess?