Well, this week, the political elites who live in the Senate decided that we didn’t need to help the states,. our schools, or our health. The Senate version of the stimulus plan, the one needed to keep this country from driving over a cliff, removed $86 billion dollars of spending that would’ve had an immediate effect in the country – money to the states and education. Yes, the bubble returns to Washington. Douchebags!
Some of the listed cuts in the Senate version include:
$40 billion State Fiscal Stabilization
$16 billion School Construction
$7.5 billion of State Incentive Grants
$5.8 billion Health Prevention Activity
$1 billion Head Start/Early Start
$2.25 billion Neighborhood Stabilization
Or as Senator Claire McCaskill (D-Missouri) said on her Twitter: Proud we cut over 100 billion out of recov bill.Many Ds don’t like it, but needed to be done.The silly stuff Rs keep talking about is OUT.
Yes, funding the states and education is silly stuff….. classy!
Paul Krugman (remember – the guy who is actually an economist and who won a Nobel Prize) said in his New York Times column:
Now the centrists have shaved off $86 billion in spending — much of it among the most effective and most needed parts of the plan. In particular, aid to state governments, which are in desperate straits, is both fast — because it prevents spending cuts rather than having to start up new projects — and effective, because it would in fact be spent; plus state and local governments are cutting back on essentials, so the social value of this spending would be high. But in the name of mighty centrism, $40 billion of that aid has been cut out.
And why did this happen? Krugman has an idea:
[C]entrism is a pose rather than a philosophy. And to support that pose, the centrists are demanding $100 billion in cuts in the economic stimulus plan — not because they have any coherent argument saying that the plan is $100 billion too big, not because they can identify $100 billion of stuff that should not be done, but in order to be able to say that they forced Obama to move to the center.
It is all about being bipartisan – you know where the minority party gets what it wants in full – even though they are in the minority. It’s the bizzaro Congress.
Meanwhile the Wall Street douchebags will be getting more money to spend on hookers and blow…. well does it really matter? They still don’t have any rules on the use of their bailout funds.