Tomorrow marks the two year anniversary of the $1 trillion stimulus package. As a result of this reckless spending our national debt has reached a record $14 trillion. The stimulus was based on the false premise that the government can take taxpayer money and gamble it on ridiculous projects. My personal favorite was a project in Florida where the government designated $3.4 million in stimulus funds to build a turtle tunnel under the road in Tallahassee. That is about four times as much money as the average working American will earn in their entire life. But the stimulus slush fund dished out $3.4 million for the tunnel for turtles to cross the highway underground. I wonder how turtles crossed the road before that?
Since February 2009 the stimulus has been exposed as nothing more than a bundle of broken promises. We were told that the national unemployment rate would not exceed 8%. The unemployment rate has been 9% or higher for 21 months. We were also told that the package would save or create 3.5 million jobs. In reality, 2.5 million jobs have been lost. Real jobs are not created by Uncle Sam, they are created by the private sector and small business communities. We need to put money back into the hands of American businesses so that they can create jobs.
In order to get ourselves out of this mess we must stop spending money that we dont have on ridiculous projects that we dont need. We are currently borrowing 42 cents for every dollar spent from our good friends-the Chinese- to pay for this irresponsible spending. We currently owe China nearly $1 trillion.
The American people are fed up with the feds. They want the government to stop the spending on wasteful projects with borrowed money. The way we stimulate the economy is less spending, less borrowing, less taxing and less federal regulations.
And thats just the way it is.