Thursday, February 12, 2009

Stimulus Bill: Worse Than It Looks

Excerpted from "Keeping Our Eyes on the Real Ball" by Michael G. Franc on National Review Online:

"Over the last three weeks the policy experts at my institution, the Heritage Foundation, have published dozens of biting critiques of literally every aspect of the House and Senate versions of this legislative monstrosity. They agree on one thing: Under the guise of stimulating the economy, this one bill contains a generation’s worth of liberal policymaking, an entire Great Society-scale agenda, one that advances the liberals’ view of man and his relationship to government enough to cause LBJ himself to turn red with envy.

"The pork and the overall spending are every bit as bad as the critics say, but in the long run, they are mere distractions. The real damage comes from other, less noticed provisions in the bills.

"The House and/or Senate stimulus bills would undo the 1996 welfare reforms, explode entitlement spending by a cool quarter trillion dollars, lay the groundwork for the federal government’s takeover of our health care system, double Uncle Sam’s already overbearing role in education, require taxpayers to pick up the bail tab for potentially dangerous felons, allow unemployed Wall Street executives to qualify for Medicaid, and reignite the fires of trade protectionism, thereby risking a global trade war.

"Not bad for the first month of unified liberal rule in Washington, eh?"

Read the entire article here.

2 comments:

Bawb said...

Um, and this stimulates the economy how????

Bawb said...

I read bits and pieces of the bill. It seems they can't scoop in the money fast enough with a #9 coal shovel, so they are up-grading to a front-end loader.