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In this angry edition of bailout news, our attention turns to the Obama stimulus proposal as it grows it's way through Congress. Aside from being a waste of a trillion dollars of borrowed money, we have found some value here. There's talk of a new parking garage for the Orange Bowl and as much as $350 miilion earmarked for STD education. Despite our obvious excitement for these projects, how will any of this patronage actually help the economy recover?
Also missing from the debate is the concern for our children and the unconscionable debt burden we are leaving them. Keynesians, what value are you adding? Your insane belief in the power of government spending is painful entertainment for the rest of us who can smell the bull the minute you hit town. Where is the grand vision? Where is the vital infrastrucure? Why do these projects merit the borrowing of $1 trillion more from our children's increasingly dim futures? We're still waiting to hear how each project will further our national interest.
So stop wasting our time with your useless theory on how this giveaway will substantially boost the economy. We're not buying it. It didn't work in the 1930s and it's not going to work now. Are you listening, Krugman. The massive spending that accompanied our entrance into WWII brought us out of the depression. Not the keynesian claptrap you so proudly cite.
So call this stimulus what it really is, generational rape with a trillion-dollar shovel, and it's but one more painful wrong turn as we continue on the path to federal bankruptcy.
Take a late day ride through hell, as we look at the 20 best reads on what's going down. Xanax is included.
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