Comment

Tuesday Afternoon Open

485
SixDegrees7/28/2009 3:33:48 pm PDT

re: #459 opnion

Yup, they are managing the funds for political purposes. Do ya think Congressional districts with at risk Democrats might get some of the money?

They can’t be quite so blatant about it. But they can ramp up spending nationally with the amount of money we’re talking about, spike the economy to make people think they’ve actually accomplished something, then take credit, win office and hunker down before the inflationary wave they’ve created washes ashore. At least, that will work for 2010.

Meanwhile, a lot of the money that is being spent is going to pay for items already allocated as part of the normal Federal budget - VA hospital repairs, food bank programs and the like. This will distort the actual budgeting process - with all these normal expenditures shifted from the ordinary budget onto the stimulus package (moving them to a different set of books) they’ll claim that the difference is actually a “savings” and represents “reduced spending” even though it’s just spending that’s been shuffled into a different spreadsheet.