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Wednesday, February 04, 2009
Ed Feulner :: Townhall.com Columnist
A Sham "Stimulus"
by Ed Feulner
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Will Congress pass Obamacare by the end of the year?

If there’s any good news from this recession, it may be this: We’ve seen how Washington works. The picture is so ugly, it may be enough to spark real reform in the years ahead. Here’s what’s been going on:

Every so often Congress gets hold of a bill that simply must pass. A defense spending bill, say, during war time. So lawmakers exploit the situation, tacking on pet projects that have nothing to do with defense.

This year’s must-pass bill is a “stimulus” measure.

True to form, Congress has loaded the American Recovery and Reinvestment Act of 2009 with hundreds of billions in wasteful spending. The bill includes $650 million for digital TV coupons, $140 million to study the atmosphere and $50 million for the National Endowment for the Arts.

None of these proposals would create jobs or boost our economy. They’re just old-fashioned waste. And that’s a problem. Crying “stimulus,” Congress intends to spend money it doesn’t have to accomplish things that don’t need to be done on a scale never before seen. If signed into law, this leviathan would be the largest single spending bill ever passed, adding at least $819 billion (before interest) to the national debt.

If lawmakers had decided to borrow the money for this stimulus plan directly from Americans, the average family would have to fork over $10,520 this year. That’s more than what that same family will spend on food, clothing and health care for the entire year.

If lawmakers were honest about what they’re doing (spending borrowed money) they’d have to admit that they’re asking hard-pressed American families to loan the government more this year than those families will otherwise spend on essentials.

Of course, the government won’t borrow directly from Americans. It’ll attempt to raise the money on the international bond market, meaning our country will go deeper into debt to foreign lenders, especially Japan and China.

And what will this spending accomplish? Not much. Continued...

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About The Author
Dr. Edwin Feulner is president of The Heritage Foundation, a Townhall.com Gold Partner, and co-author of Getting America Right: The True Conservative Values Our Nation Needs Today .
 
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Dead weight
I guess a theory can be proclaimed truly dead when faithful adherence to its tenets yield absurd conclusions. In the last few weeks I've heard the following:

* “We have real people out of work right now.” - Rep. Jack Kingston (R-GA), attacking the idea of using $50 million of the stimulus to create jobs in the arts
* "[G]overnment doesn't create jobs. .....Not in the history of mankind has the government ever created a job." - RNC Chairman Michael Steele
* "Government doesn’t create value; it takes it from us as taxes" - Ken Blackwell, running for RNC chair (I heard Mitch McConnell say the same thing though I can't find the quote)

So, a government job isn't a job. Artists aren't people. And a bridge has no value. Apparently, rigid conservative ideology has rendered conservative thought an exercise in absurdity.

When the CIDC does the primary research behind new drugs later marketed by pharmaceutical companies, it creates value. When government spending got the internet off the ground, value was created that private companies built on. Without public spending, there would be few if any professional sports teams; you can't play ball without a stadium. To say that a private road adds value, but a government road does not, is absurd. Yes, dear, fighting in Iraq is a job - and I thought conservatives believed this had value.

Government creates value. Much of the value added by private companies is possible only because of the foundational value government provides. I've been an entrepreneur and have co-founded two small businesses (under $10 million). We wouldn't have existed if not for core services, like education and physical infrastructure, provided by the government.

These rigid, simplistic conservative ideas have died. They are dead weight threatening to drown us all.

Dead Ideas
I guess a theory can be proclaimed truly dead when faithful adherence to its tenets yield absurd conclusions. In the last few weeks I've heard the following:

* “We have real people out of work right now.” - Rep. Jack Kingston (R-GA), attacking the idea of using $50 million of the stimulus to create jobs in the arts
* "[G]overnment doesn't create jobs. .....Not in the history of mankind has the government ever created a job." - RNC Chairman Michael Steele
* "Government doesn’t create value; it takes it from us as taxes" - Ken Blackwell, running for RNC chair (I heard Mitch McConnell say the same thing though I can't find the quote)

So, a government job isn't a job. Artists aren't people. And a bridge has no value. Apparently, rigid conservative ideology has rendered conservative thought an exercise in absurdity.

When the CIDC does the primary research behind new drugs later marketed by pharmaceutical companies, it creates value. When direct and indirect government spending got the internet off the ground, value was created that private companies built on. Without public spending, there would be few if any professional sports teams. To say that a private road adds value, but a government road does not, is absurd. Yes, dear, fighting in Iraq is a job.

Government creates value. Much of the value added by private companies is possible only because of the foundational value government provides. I've been an entrepreneur and have co-founded two small businesses (under $10 million). We wouldn't have existed if not for core services, like education and physical infrastructure, provided by the government.

These rigid, simplistic conservative ideas have died. They are dead weight threatening to drown the nation.
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