From Delegate Pat McDonough:
President Obama unfortunately has managed to impose his so-called “Stimulus Package” upon the American people. In reality, this massive spending program is designed to bail out deficit-ridden state governments and hopefully provide re-election guarantees to politicians like Governor Martin O’Malley. This pork-laden part of the Obama initiative should be characterized as a “treat” for state politicians, but not the taxpayers.
Maryland was clearly on a path toward spending restraint and sensible fiscal management. The spendaholics in Annapolis were beginning to show signs of addiction recovery. The real reason for their change of heart was the indisputable fact that tax revenues were “in the tank.” Although it was the equivalent of attempting to force feed raw meat to vegetarians, the spendaholics were compelled to change their ways.
At the beginning of January, the Governor glumly announced he was underfunding education by 69 million dollars. Strangely, he made this dire announcement with a big smile. This smile baffled me and others. Then, in February, President Obama masquerading as Santa Claus, raided our grandchildren’s piggy banks and dumped more than 3 billion dollars into O’Malley’s budget crisis. The reason for the smile had been revealed.
Now, Maryland spendaholics are back in business filling every special interests’s wish, ignoring serious financial problems, and insuring their re-election bids.
The politicians received the treat and the people received the trick.
As the economy continues to collapse, the real need is “street cash.” The stimulus package should be creating tax incentives and long term policies that assist citizens and generate spending. The nation is suffering from a consumer spending depression. Consumer spending is 80% of America’s economy. Simple math, no spending equals no economic growth. The President’s stimulus myth achieves nothing related to consumer spending and economic growth. The preceding fact is the trick part of the trillion dollar stimulus.
Government action could help to turn the economy around. So far, we have witnessed stupid spending, big bank bailouts, federally sponsored state government welfare, and other counter productive initiatives. President Obama and his political allies are part of the problem, not part of the solution. His spending exuberance and claims that he will reduce the deficit in the near future are hypocritical. It is the same as claiming one is on a diet that requires consuming pizza every day.
I only hope that in the future things will not be so bad that we would consider this time “the good old days.” It is time for the President, members of Congress, Governor O’Malley, and all leaders to become the solution, not the problem.