George Sarant

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Posts Tagged ‘stimulus

THE “STIMULUS” PROJECT

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In connection with the entry below, we should ask where the great public projects are of today. Congress rushed through a $787 billion “stimulus” package that has stimulated nothing, as unemployment continues to rise. That’s not surprising given that most of the spending will occur in future years. But spending on what? It largely throws more money at areas where we are already spending, simply jacking it up and expanding government and the deficit to no good end.

At least during the depression we built dams, bridges, and roads. What will we have to show from this huge stimulus expenditure? What tangible legacy will it have? This shows nothing more than a failure of imagination and common sense in literally throwing money away. While it is increasingly likely that we will see some turnover of this mischievous congress in 2010, it is an open question as to how much of the damage they are doing can be undone.

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Written by georgesarant

July 21, 2009 at 10:32 PM

Posted in economy, government

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THE TIPPING POINT

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The huge expansion of government we are now seeing may have profound consequences for the future. The debt will have to be paid by taxpayers, who are a shrinking portion of the population. As direct money transfers, services, and jobs provided by the government expand, resources are drawn out of the private sector. We will reach a point where those receiving money and support from the government or working for the government will outnumber those who do not. Those dependent on the government will be able to vote themselves continuing benefits at the expense of others in the private sector. This means that a minority of the population will be supporting a majority, which will require higher taxes and make work in the private sector all the more futile. Then the number of productive citizens will decline further while the unproductive increase. This would be disastrous and ultimately lead to social chaos and collapse. The stimulus package puts us closer to that tipping point than ever. Many expenditure commitments will be difficult to undo in the future, so all we can do is our best to make sure that the “temporary” increase in government will in fact remain so, lest the tipping point be reached.

Written by georgesarant

February 14, 2009 at 8:12 PM

Posted in economy, government

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THE STEALTH HEALTH COUP

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The present stimulus package contains provisions for electronic medical records, a good idea that was already started under Bush. However in this iteration it would be under the control of a federal board, which would set standards, grant permissions, etc. as a first step in taking control of the entire health care industry.

Never mind that many places already have begun this kind of system. At the hospital where most of my doctors are affiliated it is possible for doctors to look up tests, reports, etc. remotely via computer now. They are also responsive to Email.
The principle argument for a greater government role in health care centers on the fact that 40 to 50 some odd million lack health insurance and presumably care, even though many of these are in transition or refuse to buy it, so that the numbers are fungible. But let’s take the highest number; that still means 250 million already have good health care; so in order to accommodate 20%, 80% will find their health care degenerating into a Medicaid version of the British National Health service, with treatments, drugs, etc. dictated or denied by bureaucrats.
This is illustrative of a general left-wing principle: the notion that because some are poor or deficient, even though a minority, all of society must be upended for the worse in order to fallaciously accommodate their needs.

Written by georgesarant

February 10, 2009 at 1:31 AM

Posted in government

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STIMULUS MONSTROSITY

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The congressional “stimulus” continues to balloon into a monstrosity.  At present it would increase the federal discretionary budget by 80%.  That means all the programs and departments that have built up over the years provide a baseline to which 80% more spending is added.  Thus the only thing being stimulated is the government.  The Democrats have managed to pack in every agenda item on their list under the guise of stimulus.  If it were to pass they could actually go home because they will have managed to install their entire agenda in one bill.  Growing the government is no solution to the economic situation, particularly when these “temporary” expenditures are likely to become permanent and spread out over years.  This will surely only make things worse, and as presently constituted no stimulus is preferable to this.  A tax reduction would have far more impact without creating all the damage this bill does.  A temporary reduction in the payroll tax would immediately put more money into the hands of lower income people in a meaningful way and jump start spending. Encouraging private spending is the answer, not government.

Written by georgesarant

February 6, 2009 at 1:42 AM

STIMULUS PACKAGE

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The stimulus bill passed by the House includes just about everything on the liberal Democratic wish list. All sorts of interests are lining up for a piece of it. Government has never been good at picking winners and losers, and it is mostly losers that are lining up. 
It is worth noting that conservatives are the ones committed to free market capitalism. The capitalists are committed only to self-interest, untroubled by principle, and if that means dealing with the government or the devil himself, they’ll do it.

Written by georgesarant

January 30, 2009 at 11:37 PM

Posted in economy, Politics

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