More shovel-ready spending
Posted by Richard on September 9, 2011
I got home just a bit ago from a wonderful Stock Show sponsors dinner, which beat the heck out of watching the President's jobs infomercial. On the way back, I heard the bottom-line on the radio: another $450 billion for all the stuff that he spent $800 billion on already — infrastructure, teachers, high-speed trains — only to enventually admit that "those shovel-ready jobs weren't so shovel-ready." But this time, it'll work. Really!
Vodkapundit's drunk-blogging of the event provided more detail, and certainly more entertainment than the actual speech. Obama promised that all those new shovels-full of spending would be paid for. Stephen summarized how:
4:23PM It will be paid for by future, unspecified spending cuts, that the GOP congress will have to come up with.
4:24PM And it will be paid for by tax increases “on the wealthiest Americans.”
So he's going to create jobs with more of the same profligate spending that has utterly failed to create jobs, and he's going to pay for it by penalizing the people who could, if unshackled, really create jobs.
And those unspecified spending cuts that the House Republicans are expected to come up with? I'll bet dollars to doughnuts that, during the election campaign, the Dems will berate the Republicans endlessly over every dime of those spending cuts, trotting out the geezers eating dog food, the children with no shoes, the lepers who can't afford their medicine, etc., etc., etc.
Aw, to hell with politics. There's a football game on.
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