Sunday, June 14, 2009

Yet Another Porkulus Fail

The waste, the fraud, the whole un-thought-through-ness of signing a bill no one even's been obvious for months now that the stated purpose of the "stimulus" bill as creating jobs was at best a joke and more likely a lie, but another data point to hammer it home...
New York state expects to spend 84 percent of its $26 billion in federal money on Medicaid, unemployment benefits, school aid, nutrition, public health programs, one-time Social Security payments, Head Start, college grants, and other social and school support.

I'm not sure whether to call it a "wealth transfer" or "welfare bloat"--it's waste AND fraud!--but it looks like the only jobs created will be in the bureaucracy and social-work industries.

I mention this because it's borrowed federal dollars--aka, the money they'll be taking from me for the rest of my working life, no matter where I live. And you, too, if you're stupid enough to be working and/or have retirement investments instead of collecting government checks...

No comments: