Proving once again that our leaders have no grasp of elementary mathematics or economics, the Super Pork Bill has passed the House of Representatives. It’s supposed to revitalize the economy by (among other things) pumping a few billion dollars into Amtrak, which hasn’t turned a profit in decades. Only ten percent of the stimulus package will actually be spent to improve the infrastructure, but most of it is basically a combination of pork barrel bonanza, and election gratitude reach-around for labor unions.
Trying to stimulate the economy by injecting it with taxpayer dollars and borrowed money is like trying to raise the water level of the shallow end of a swimming pool by transferring bucketfuls of water from the deep end.
One of my VP buddies said it best in a Twitter conversation when he said the following:
“Mmmm….bacon. If only it wasn’t coming from my pig.”