We all know about the snowball effect and how it basically compiles one thing on top of another thing on top of another thing and so on. Well witness this in strict practice under the watchful eye of the federal government and their bailout-happy trigger finger. President Bush started us down this journey in 2008 and we are still heavily paying the price.
It was months ago, well over a year now when President Obama pushed his first near-trillion dollar stimulus failure in early 2009 which did not meet administration promises nor did it help in any measurable form to improve the economy. The one thing it did do, however, was allow many local governments on the state and city level to use stimulus funds as avoidance of actually having to cut their budgets.
Flash-forward to June of 2010 and now the same issues still linger with bloated local budgets and a lagging economy. Now local leaders faced with cuts they should have made last year are in the same predicament of hoping the federal government will once again bail them out.
Enter Obama, stage left, with a new $50 billion plan of “emergency” bailout funds:
President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery.
In a letter to congressional leaders, Obama defended last year’s huge economic stimulus package, saying it helped break the economy’s free fall, but argued that more spending is urgent and unavoidable. “We must take these emergency measures,” he wrote in an appeal aimed primarily at members of his own party.
First of all, this is the same tired rhetoric we’ve heard for over a year now that failing to doll out government stimulus funds means the next time your house is on fire, there will be no fire department to put out the flames. Also, without Obama’s stimulus dollars, all teachers will be fired and public schools will close. These are exaggerated lies we’re being fed and none of it has panned out in reality.
Furthermore, turns out these are the same “saved” jobs being target as last year:
Besides, the jobs targeted by these bloc-grant bailouts are the exact same ones claimed by the White House last year. When do people in Minnesota get to stop bailing out California bureaucrats? Shouldn’t the states themselves start working on making rational judgments about the size and sustainability of their own governments? If it takes Minnesota money to float California, and Texas money to float Minnesota, then there is no accountability to the citizens of a state at all. It’s a shell game and nothing more.
And this is all money just going down a rathole anyway. The bailout last year didn’t solve the problem, but it did add over a hundred billion dollars to the national debt. Obama now proposes to send $50 billion more in imaginary money after bad imaginary money to, once again, avoid tough economic choices by kicking the can down the road at the expense of future generations. It’s becoming the theme of his presidency, which is profligate irresponsibility combined with an utter lack of strategic comprehensive growth policies.
We must end the bailout mentality and stop the madness coming from Washington. It is fiscal insanity to watch the federal government try to step in and keep padding the budgets of states and counties with taxpayer dollars.
I have watched personally here in Virginia where Governor Bob McDonnell walked into office in 2009 to a $4 billion dollar shortfall left by the previous Democratic Governor. Amazingly enough, McDonnell was able to cut enough from the state budget and shift funds around to fill in holes on necessary services and do it all without raising a single dime in taxes. Why can’t the federal government live on this model? Why can’t other states do the same? Governor Chris Christie in New Jersey is attempting to do a similar thing by holding the line on spending, cutting items from the budget and refusing to raise taxes to make up the difference.
It can be done yet Washington refuses to show even a glimmer of competence with the ability to make real decisions on what fits in the budget and what must be cut. President Obama, as the great enabler, has helped push this model to the state and local level by offering these ridiculous bailout funds for local budgets where they need to do some trimming to make up the difference.
I have a great thought which occurred to me, perhaps we need a team of McDonnell/Christie to run in 2012 as the fiscally conservative powerhouse with strong records in their respective states to turn Washington around. One can only dream…