Well, the latest figures in the stimulus package have declined just a bit. Down to just $816B + $3B for mass transit . . . The feds decided to leave the interest rate as it is, 0%, because I guess they realize they can't drop it any further. I don't know why they bothered with that meeting at all, unless of course they get some sort of expense reimbursement for attending. The Democrats in Congress are already sure it's a done deal and the Republicans are, of course, dragging their feet. I'm not sure why this $800B is so different from the $750B just a few months ago, with a different President, but everyone in Washington DC seems to think this is change. Well it is a bit more money, and opposite parties, but when you're talking billions, what's 50 or 60? As I tallied the list of expenses, I only came up with $515B, and I guess the rest is figured in as tax cuts, which never truly happen. You know, I'm still paying for FDR's New Deal, as are most of the people in my generation and the one after us, so why can't we see that there is nothing new about to happen here? Change? Where? Just changing sides of the aisle regarding who gets the money and who squabbles about it. Another thing I'm wondering about. Didn't President Bush "hand" President Obama the other half of his stimulus plan, like $350B? I remember him getting the Congressional clearance, but it would be up to President Obama to distribute it. Well, where is it? The banks aren't loaning any money, consumers are backing up on their consumption, and the Big Three just got back from their extended shutdown time, didn't they? The media is now counting the job losses on a daily basis and it's in the thousands, on a daily basis. And Congress is excited to throw more money around. It isn't even our tax dollars, any more, it's our great grandchildren's tax dollars! Doesn't anybody get that? Since Congress doesn't actually make any tangible goods, and the jobs are dwindling, where does this money come from? Without jobs, there is no withholding tax. As I mentioned, my tax dollars are still supporting the recipients of FDR's New Deal. Not to mention two more obvious facts. We've been throwing money at this recession before we were even calling it a recession. It hasn't seemed to work, yet, so we'll do more of what isn't working and plan on a different outcome? I believe that is the definition of "insanity." The other obvious fact is this. Our government cannot handle money, never could. Our government gets more free money than any other organization in the world, except possibly the Vatican. Anyway, it would appear that the US government operates like a big charity that has too many administrative costs, with mandatory "donations." If the government of the US makes every cent off of taxes and tariffs, then the only expense is overhead. Seems to me, the best thing the government could do for this poor economy is to get out of the money management business.
Are we not counted of him strangers? for he hath sold us, and hath quite devoured also our money. Torah of Holy Scripture
This site considers topics in the news, from an independent, a-political view.
Wednesday, January 28, 2009
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- Same Ol', Same Ol'
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- Technology, Computers, and Such
- The Political Machine Grinds On . . .
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