PAINTING OVER A TERMITE-RIDDEN HOUSE: Congress Set to Boost Aid to States - WSJ.com: "- Sent using Google Toolbar"
A question that should have been asked is whether this bill encourages the private sector to see a better economic climate in the future? My answer would be clearly "NO"!
The problem the States and Federal Government are in is brought about by too much spending.
To keep teachers, have they asked the teachers to contribute more to pensions (i.e. in NY they pay nothing towards their pensions after 10 years). Have they made changes to reduce Medicaid costs? Have they considered legalizing drugs instead of spending huge sums on incarceration?
No, it's typical unionized, special interest business as usual - which, almost all articles recognize as a major cause of the prolonging of this economic downturn.
It would seem more an admission of a total inability to address the underlying causes of the economic problems we face - it's like painting a termite-ridden house without getting rid of the termites or the rotten wood first. (We may have all known someone who did that to their house; and, how smart did we think they were?)
Thursday, August 5, 2010
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