Where does the buck stop?
February 09th 08:55:10 PM
How can it be that after a Presidential address about the $800 billion or more Obama plans to spend on an economic stimulus, someone in the media asks for a reaction to Alex Rodriguez's admission of steroid use? (Way to ask the tough questions!) How can it be that after all of the problems with TARP -- which included lots of pork and gave money to the Bank of America, which spent $10 million on a Super Bowl party in Florida -- we're setting ourselves up to waste even more money? And how can it be that there is so little scrutiny of government spending roughly the size of Australia's GDP, while Australia itself worries about passing a much smaller stimulus for fear that its future generations will be weighed down with debt? Oh, and in case you're wondering: the Congressional Budget Office ran the numbers and "President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing."
Posted by Ryan Lynch
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