Wednesday, November 11, 2009

Stimulus Spending - Cars and Plasma TVs?

I was wondering what other people thought about such stimulus spending as stimulus checks to all taxpayers, "," and Rebates for first time home buyers.

I accept that we need stimulus, but given the fact that we are broke and borrowing the money, it seems to me that we can only afford to spend the stimulus money on things that really meet long-term needs.

Down the street from my home is a community building that was built in the 1930's by the WPA and is still serving as a significant community resource 80 years later. In 80 years from now, when our children are dealing with the consequences of our debt, how much good will they be getting from much of the spending we have been doing.