Today marks the two year anniversary of the $862 billion failed economic stimulus plan. While most lawmakers are focused on the budget and spending debate on Capitol Hill, taxpayers should not forget how we got into the current budget mess. While hindsight is 20-20, most politicians at least acknowledge the fact that the American Recovery and Reinvestment Act was a total flop. President Obama sold the public on the fact that this stimulus program was necessary to create private sector jobs and make sure unemployment did not exceed 8 percent, yet two years after the program has been implemented we still see unemployment at 9 percent.
Over the past two years Sens. Tom Coburn (R-Okla.) and John McCain (R-Ariz.) have released reports which uncovered hundred of wasteful stimulus programs including the following:
• $1.2 million to convert an abandoned train station in NJ into a museum;
• $554,763 to replace windows in a closed visitors’ center in Washington;
• $89,298 for a new sidewalk that leads to a ditch.
Unfortunately, taxpayers cannot forget this $862 billion mistake and will paying for it for years to come.
0 comments:
Post a Comment