Money? What Money?
I’ve been reading this morning that frugal Americans are hurting the economic recovery efforts by saving our money instead of spending it. Last time I checked, Americans were holding the line on spending because we don’t have nearly as much (if any) discretionary spending ability as before. Money is tight and times are hard.
What are we supposed to do? Shall I take the cash I’m holding for my next house payment and buy a new Nintendo? Shall I skip the water bill in favor of a couple of 12-packs of Miller Lite?
Here’s an idea: If the government and the various economic “experts” around the country think I need to go blow some money on consumer goods, then take that so-called stimulus money – from $800 to $900 billion depending on who you listen to – and send us all a nice tidy check. That’d get things rolling again a lot faster than spending $150 million on honeybee insurance or $650 million on government employees’ cars or $650 million for TV converter boxes.
According to what I’ve seen, just slightly over ten percent of the stimulus plan would actually have the potential of boosting the economy. The rest is nothing more than pet projects and pork. Is this the fiscal responsibility promised by Barack Obama? Is this the Change We Can Believe In? I was under the impression that Barack Obama was against wasteful spending and huge government debt. Oh, wait… I heard that in a campaign speech. I keep forgetting that campaign promises don’t count after the election. You’d think that after all these years I would know better. More HERE