The View From 1776

Stimulus, Or Squealing Pork?

      http://www.thomasbrewton.com/index.php/weblog/stimulus_or_squealing_pork/

Only about 12% of the proposed $825 billion stimulus bill will go for purposes that arguably may stimulate job creation.  The rest is additions to standard welfare-state handouts.  More than $265 billion, 32% of the total, is transfer payments, i.e., the government takes $265 billion of your taxes and gives the money to someone else, for a net effect of zero in economic stimulation.

Read the Wall Street Journal’s editorial analysis of the proposed stimulus plan.