America Bankrupt: Real Or Fake?Aug 30, 2010
Several reports have documented how much of a failure the "Stimulus" bill is. Not only did it borrow and spend $1 trillion in new debt only to see the unemployment rate rise to 9.5 percent (and going higher), the money was spent on projects so ludicrous they wouldn't make it into a bad Hollywood comedy script. The McCain-Coburn "Summertime Blues" report documented many of them (see list), including $308 million for a joint clean energy venture with . . . BP, $700,000 to study why monkeys respond negatively to inequity, $62 million for a tunnel to nowhere in Pittsburgh, $3.8 million for a "streetscaping" project that reduced customer traffic and caused a business to layoff two employees, and $193,956 to study voter perceptions of the stimulus. That voter study didn't reach enough voters. Our friends at Bankrupting America uncovered yet more incomprehensible spending and produced this "Real or Fake" test, as in are certain government spending projects real or fake? You couldn't make this up and be credible anywhere . . . except in Washington, D.C. The answers are sad, but true. At this rate, it won't be long before we're finacially bankrupt. We already are bankrupt in leadership.
To tell the truth: The "stimulus" bill put us deeper in debt with nothing to show for it but some humorous, but sad, stories.