BuckeyeBlog

We’re not quite sure how the federal stimulus plan will look when it leaves committee and gets a final vote in the House and Senate, but we do have an idea of what it looks like now. The Wall Street Journal was absolutely shocked to find out just how little job creation mechanism the bill had:

We’ve looked it over, and even we can’t quite believe it. There’s $1 billion for Amtrak, the federal railroad that hasn’t turned a profit in 40 years; $2 billion for child-care subsidies; $50 million for that great engine of job creation, the National Endowment for the Arts; $400 million for global-warming research and another $2.4 billion for carbon-capture demonstration projects. There’s even $650 million on top of the billions already doled out to pay for digital TV conversion coupons.

That seems fiscally responsible, right? Wrong.

Tags: Stimulus plan

This entry was posted on Wednesday, February 11th, 2009 at 2:07 pm and is filed under Accountable Government. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.