Monday, February 9, 2009

Missouri GOP Still Refusing to Stimulate the Economy

The Federal Economic Recovery Package is set to pass with a bipartisan vote this week, but Republicans in Missouri are saying that they don’t want it.

These funds are designed to make a direct infusion of cash into the national economy, but if states refuse to use the funds, the stimulus will lay unused in Washington.

The Republican leadership has discussed using the funds for tax cuts which would only stimulate the economy an average of 72¢ for every $1 handed out. They’ve talked about building more infrastructure – a shocking proposal while our current infrastructure crumbles. Several others are putting on the heirs of fiscal responsibility and proposing that we use the funds to pay down debt, which would be very responsible indeed if it did anything to stimulate our faltering economy. Others, like Appropriations Chairman Gary Nodler have stated publicly (on the floor of the Senate) that they believe the Recovery Package is a conspiracy by the federal government to take over our State Budget and force spending in the way Congress sees fit.

There are states that will make wise use of the Recovery Package. These states will reap the economic benefits of doing so and will recover from this recession (depression?) more quickly.
I don’t know that I want elected officials who are too stupid to take free money

0 comments: