Let there be no doubt: Democrats are the party with two ideas: borrow and spend. The only vigorous internal debate on the left revolves around two questions: How much and how much more? Even as the first trillion-dollar stimulus craters, the debt-o-crats are floating yet another grand act of generational theft to create the illusion of jumpstarting the economy.
Call it Spawn of Spendulus. Return of the Porkulus Beast. Crap Sandwich Redux. White House economic adviser Laura D'Andrea Tyson told an international economic conference: "We should be planning on a contingency basis for a second round of stimulus." Team Obama flack Robert Gibbs says the president isn't "ruling anything out, but at the same time he's not ruling anything in." Despite the inconvenient fact that less than 10 percent of the initial stimulus has been spent (or misspent), congressional Democrats remain "open" to the idea of digging a deeper fiscal hole for your children and grandchildren.
Porkulus One was a massive payoff to special interests and political constituencies (and dead people!) disguised as a job generator. A General Accounting Office analysis this week revealed that stimulus dollars allocated to states and localities are not being spent on what they're supposed to be spent on. States are making up their own criteria for spending. The most economically distressed parts of the country are getting shortchanged. School and transportation bureaucrats are using the money to preserve their own jobs instead of "stimulating" others. And assessments of the stimulative effect of the package are a joke. As House Republicans noted: "The administration has essentially 'rigged the game' of reporting the tangible effects of its stimulus program by creating an immeasurable metric -- 'jobs created or saved' -- that no one can disprove."
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