Tags: stimulus

A Second Stimulus — Shame on Us

Monday, 13 Jul 2009 02:52 PM

The old saying goes, “Fool me once, shame on you; Fool me twice, shame on me.”

Unfortunately, America, that is where we are.

America was duped into giving President Obama almost $1 trillion in his first month in office for his “shovel-ready” programs. Then America was duped into thinking that Obama has single-handedly saved the U.S. economy.

Now the Obama administration, Vice President Joe Biden, even Warren Buffett, are proposing the idea of a second stimulus.

Shame on us.

How dare we let Biden and Obama dupe the American people again into spending not only our money, but our children’s money, and their children’s money.

Even worse, Obama is not even done spending all of the money from his first stimulus.

According to the government's Web site — recovery.gov — only $60.4 billion of the stimulus money has been paid out so far, the majority of which has been spent on short-term projects, Social Security recipients, selective tax relief, and entitlement programs.

Of the money that has been paid out, Obama is drawing criticism for seemingly wasteful projects. In Montana, a border crossing that averages fewer than two passenger cars per day and two-to-three trucks per month, is receiving $15 million in stimulus funds for upgrades.

Even the Obama recovery.gov Web site, hardly the most sophisticated Web site in the world, is costing the U.S. taxpayer almost $10 million through January 2010. That’s not even for a whole year.

Interestingly enough, Craig Jennings of OMB Watch, a stimulus watchdog group, has built a site called FedSpending.org, which does the same thing as recovery.org and has offered to license it for $600,000. Hmm … $10 million or $600,000, I wonder which site is more cost efficient?

It is amazing that the administration could be so careless in spending for some areas and yet, for other areas, the administration makes decisions based on cost.

For instance, under Obama’s healthcare plan, medical procedures and treatment will be done on a cost benefit analysis, meaning that if it costs the federal government too much to keep you alive, they’re just not going to pay for it.

But if you want to fund a road that gets two passenger cars a day, the Obama administration has all the money you need.

It just doesn’t make sense.

Before Obama took office, the Congressional Budget Office (CBO) estimated that to pay existing entitlements (Social Security, Medicare, and Medicaid, among others), the federal government would have to almost double all tax rates over the next four decades.

Imagine all of your taxes, your children’s taxes, and their children’s taxes, being doubled for the next 40 years.

Also keep in mind that estimate doesn’t take into account one single red penny of Obama spending.

Plus, he’s planning on spending trillions more.

A second stimulus needs to be out of the question. The idea of a second stimulus is so outrageous that even Harry Reid of all people shot down the idea when asked about it.

When Harry Reid becomes the voice of restraint and fiscal discipline, America, we’ve got problems.

Now is the time for Americans to stand up and demand accountability from their government. Not just Washington accountability, but real accountability.

Accountability is not just putting information on a Web site. Accountability is answering to the people. Accountability is accepting responsibility for the job that has been given to you and making things work. When things don’t work, you face the music and accept the consequences.

The stimulus has not worked. It has been a failure. While the economy may recover, I wouldn’t necessarily attribute that to the stimulus.

Instead of asking for another stimulus because the first one didn’t work, the administration should take responsibility and find a way to make it work. If the first stimulus didn’t work, why should the second one?

With almost a trillion dollars to spend, I’m sure that the administration could come up with some positive use of the money to help the economy and maybe even the country.

Maybe if they spent the money on network security instead of an overpriced Web site, the North Koreans wouldn’t be hacking national databases as we speak. Just a thought.

So the next time you hear the mention of another stimulus, don’t just think of it as a far-fetched idea.

A year ago, we would have dismissed tripling our annual deficit to over $1.8 trillion and creating over $10 trillion of new debt. Sadly, that is today’s reality.

The madness has to stop, and it must stop with Obama’s second stimulus.

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DanMangru
The old saying goes, “Fool me once, shame on you; Fool me twice, shame on me.”Unfortunately, America, that is where we are. America was duped into giving President Obama almost $1 trillion in his first month in office for his “shovel-ready” programs. Then America was duped...
stimulus
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2009-52-13
Monday, 13 Jul 2009 02:52 PM
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