Tag Archives: political realities

Do You Really Think All That "Stimulus" Money Will Go to Help Kids Like Me?

I’m only 5 (almost 6) years old, but I’m no dummy. The reason we all ought to be skeptical of the “it’s for the children” line is the political realities of how the money is spent. In his Pajamas Media column, Greg Forster unravels the uncritical support of our new President’s grand plans to throw billions of dollars at schools as part of a so-called “stimulus” package: I suspect that pretty much nobody in Congress really believes the Keynesian theory. There are two real motivations behind all stimulus bills. First, it creates an opportunity for politicians to claim credit for any good economic news that subsequently comes along. Second, it’s an excuse to shovel money at powerful constituencies, from whom you can later demand reciprocal support. It’s the latter reason that will determine how the new school spending in the stimulus bill will be spent. The money won’t go where it’s needed. It will go to the gravy train.

Read More...