Friday, November 20, 2009

Stimulus watch

This website called "stimulus watch" has information on the various projects funded by the stimulus bill passed last January.
I picked out one at random--over 4 million dollars to replace AC units in various airports around the country. There was one for 30,000 dollars for picnic tables in a town in Iowa.
Do you think this is a good way for the government to be spending money?
About ten days ago the national debt passed the 12 trillion dollar mark. No government can go on forever living way beyond its means. True, the government could always print money, but that would force down its value and cause a huge inflationary spiral. That's what happened in Germany before Adolf Hitler took over.