Michael Barone writes about the disarray on Capitol Hill. I was surprised to read that as of June 19, only $29 billion of the massive stimulus bill had been spent. You remember how it was so urgent that the bill was passed quickly that Congressmen didn’t have time to read the thing? It turns out they could have waited until now to pass the bill and they would have “stimulated” the economy about as much as they have. (Actually the economy would be in better shape if they had not passed that bill.)
And where did that $29 billion go?
The money has gone to state governments in fiscal trouble because of declining revenues and (in some cases) profligate spending. This insulates public employees union members from the painful effects of recession that are being felt by almost everyone else, with the added political benefit of channeling money to unions, which in turn channel some of it to Democratic politicians.
The money helps public employees unions, who will be expected to funnel money to Democrat Congressmen seeking reelection next year. The only thing being stimulated so far is the reelection of Democrats. Your tax dollars at work — and your children’s and your grandchildren’s…