However it seems as if they have lost their common sense or they turned their brains off for a moment. Wasteful spending is not good. Americans do care about pork and wasteful spending because we want our tax dollars to go toward projects that make sense since it is our tax dollars. While Senator Schumer should be ashamed of himself for uttering such words since he is the senior Senator of New York and an elected official but it doesn’t surprise me what any politician says these days. In fact, Senator Schumer needs a reality check because if the American people didn’t care about wasteful spending than we wouldn’t have cared about our government bailing out the financial industry and other companies this past summer and fall if we didn’t care. We care Senator Schumer and you should too since the people of New York elected you to office to serve them.
However the Senior Editor of The New Republic Mr. Chait should be expected to defend the wasteful spending of our government. In fact in his interview on 1600 Pennsylvania, Mr. Chait said that the whole point of a stimulus is to spend and it doesn’t matter what you spend on. To his credit, I have to say that he did say President Obama has chosen to spend on good things that will help the American people in the long term. However Mr. Chait, I don’t know where you got your definition of stimulus but a stimulus is not just about spending but it is about spending on things that will fuel or fire up the economy in a fast way. Therefore simply spending will not stimulate but it is how you spend that stimulates. In fact it is not just about how you spend but it is more so spending quickly on things will yield quick results.
While many of the shovel ready projects and other pork in the quote unquote stimulus package are good for the future of America. Many of them will not help the economy today or tomorrow. In fact many of them will not be done until years later and a stimulus package is not about years later but it is about the next year or two, meaning right here, right now. That’s why the Republicans are arguing over spending and are calling many of the projects wasteful spending right now. Many of the projects being proposed can wait for future bills that will come up in the House and Senate this year but the Democrats and President Obama want to spend now rather than later.
Just look at the quote unquote stimulus bill that is on the table. $330 Billion dollars worth will go toward spending and $270 Billion dollars worth will go toward tax cuts and credits. However $200 Billion dollars worth will go toward pork projects that could potentially increase depending on the House and Senate compromise that is passed. Therefore if we take a closer look at the entire quote unquote stimulus bill, I don’t think any American citizen would agree with Senator Schumer or Mr. Chait that waste is good and we don’t care about waste.
How can wasteful spending be good if it doesn’t do the job it is suppose to do? Just look at the TARP bill that was passed last September. That was wasteful spending of tax payers’ dollars because the banks didn’t start lending again. In fact the banks never lent out any loans and if you ask the banks what they did with the first half of the $700 billion of the TARP money, none of them can tell us the American people yet along our federal government what did they did with it. Oh I think the American people care about wasteful spending more than many on Capitol Hill and in the media would like to believe. Our nation can’t afford to simply spend on wasteful projects that will not yield any results that we can see and feel right here, right now.
Mr. Chait, you and your writings defending wasteful spending is a clear example of why many people don’t read traditional journalism any more because you all are incompetent. Stimulus isn’t just about spending Mr. Chait and I would suggest that you read some economic books regarding stimulus and spending. Wasteful spending only creates a worse problem than the problem that it was suppose to solve. This is not the type of solutions and answers we need in a time when we are dealing with a recession/depression.
Since when is wasteful spending good? I’ll tell you, never. I don’t think M.C. Hammer would tell you that wasteful spending is good because as you can see, he went from rich to broke literally over night. I don’t think Evander Holyfield would tell you that wasteful spending is good and I don’t think the executives at Enron and WorldCom would tell you that wasteful spending is good. Let’s be real Senator Chuck Schumer and Mr. Jonathan Chait, wasteful spending might be good to you guys so my suggestion is for you to give me all of your money and watch me spend it as I see fit than tell me if you think wasteful spending is good.
The audacity of any politician or journalist to tell us the American people that wasteful spending is good is appalling. It just goes to show you that as long as it isn’t their money that people don’t care how others spend your money as tax payers. However the shame in all of this is that Mr. Chait is an American citizen who I hope pays taxes and the fact that he says wasteful spending is good, makes me shake my head. Then the fact that Mr. Chait is from the University of Michigan, a university in my home state makes me wonder what the University of Michigan’s business school has to say about this notion Mr. Chait is advocating about.
With all that said, if you agree with Mr. Chait and Senator Schumer about wasteful spending being good than I hope you write them and let them know because I beat they are in need of some friendly letters. However while you are writing them, I want you to send me all of your money too so I can spend it and you can see how wasteful spending works. Then if you still agree after I spend your money and send you a list of what I spent it on that wasteful spending is good than I will issue an apology to you.
Therefore until people are willing to put their money where there month is than I have to say that since when is wasteful spending good. Wasteful spending is good, since when did this happen. Senator Chuck Schumer and Mr. Jonathan Chait need to be ashamed of themselves for saying such things. Wasteful spending only creates more mess and that is something that we the American people do not want and do not need by any means.
WASTEFUL SPENDING IS NOT GOOD! NEVER WAS AND NEVER WILL!
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