It is my humble opinion that when the economy was sailing right along in the 1990s and until about 2007 or so states were spending money irresponsibly instead of saving some of it and preparing for an inevitable downturn.
The Michigan leaders in Lansing were talking even up to a few weeks ago about making cuts and creating more disclipline in Michigan. That was the talk until Obama's Stimulus plan passed the House.
Now Lansing, as per Granholm's State of the State, is changing its tune and trying to find out how they can spend this "new" money INSTEAD of making cuts -- which I think will create even more problems down the road.
So, my question I'd like to post today is: "Does Obama's Stimulus package encourage states to continue spending irresponsibly."
Discuss!!!
1 comment:
No, this bill doesn't encourage states to make cuts or encourage fiscal responsibility. For example, let's say you are having a hard time one month because your expenses are more than your income. I offer to cover your mortgage and your tv bill for this month. Then you continue the course without making cuts. Next month your expenses will exceed your income...then what? This stimulus (or whatever you want to call it) is a band-aid, and if not properly applied, will result in some serious problems. (I feel a baseball analogy post coming up!)
Then again, had these states practiced fiscal responsibility (not liberal or conservative-but responsible spending) in the first place they would not be in this problem.
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