Saturday, January 24, 2009

Stimulus Pork Flooding

The lines at the Stimulus Pork Dollar feed lots are growing, even pet projects here in Central Illinois. Taking the federal dollar when it comes our way, but complaining if it goes elsewhere is a real problem. It is ALL coming out of our own pocket, and it certainly is not free. The cost of the bureaucracy will continue to drain the value of the taxes taken. Our economy needs to be weaned from the federal pork, not flooded by it. The "Stimulus Bill" will weaken our economy by rewarding the same "Give me mine" attitude that pervades the national liberal mindset that helped to create many of the economic problems we face. The solution to fiscal problems is not to add more debt, it is to produce more product or value added, enhancing revenue. Handing a huge debt burden to our children and grandchildren is an irresponsible solution.
If the promised "middle class" tax cuts that the President calls for are enacted, the balance of tax payers and tax consumers will tilt to over the 50% mark for the tax consumers. This is meant to be a way of growing government and ensuring a voter base tidal wave that will support the Democrats, which the DNC thinks will help grow their power base. After all, who would support tax cuts if most people didn't pay taxes at the time? The smaller number of economic producers that will still pay will not be equally represented by our increasingly socialism oriented elected officials. This state owned and operated economy would weaken the incentive for big businesses or the smaller ones who make up the REAL American economy, to grow or prosper. They will be too busy keeping the government pickpockets from taking nearly everything they work for to cover for the tax consumers who choose not to produce, and of course, the tax consumers will likely vote for the candidate who promises more of the same gravy.
How many jobs might the stimulus bill create?

$825 Billion, and Not One Job May Result
by Connie Hair
"...The creation of jobs is key to any stimulus of the economy, and House Republicans in the alternative are pushing for the free market solution of tax cuts to let working families and business who create the jobs in this country keep more of their own money to put back into the economy. The fundamental differences in the solutions to the economic morass offered from each side of the aisle could not be any clearer.I spoke with House Republican Whip Eric Cantor (R-Va.) outside the committee room about any Republican plans to try to bring some sanity into this effort. Cantor told me, “I am going to be meeting with the President next week with the Republican working group to try and lay out our vision of how we believe a stimulus bill should look, a bill that should be focused on the preservation, protection and creation of jobs. Given what Charlie Rangel and Nancy Pelosi and Harry Reid and the rest on the Democrat side on the Hill are doing, I am very fearful that we are not going to get it right, which is why we have to all speak out and say, look, we can’t keep going borrowing money to spend on favorite pet programs just to put us trillions of dollars more in debt when what we could be doing is doing it the smart way by providing tax relief for middle class families, small business, entrepreneurs, so that we can get this economy going again. … It is very clear that the White House is going to be able to shape this, which is why it is very important that we go to the White House and bring the President our proposals to make this a bill that works.”...

No comments: