Green, Shovel-Ready Stimulus — 100 Years Ago


Green, Shovel-Ready Stimulus — 100 Years Ago – Victor Davis Hanson – National Review Online.

“The president himself, after demanding nearly a trillion dollars in borrowed money for his budget, confessed that his “shovel-ready” projects had proved not so shovel-ready after all. Much of the vast sum of borrowed money instead went to subsidize nearly insolvent pension funds, entitlements, and bloated state budgets. Unemployment is still at 9.2 percent, with nearly 50 million people on government-subsidized food stamps — even as American infrastructure is crumbling, the private sector is moribund, and national timidity prevents any new large, visionary construction. Prior generations gave us space projects; ours ends them.”

I’m sorry, where’d that money go again?

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