Quote:
Originally Posted by Vendzilla
Fishing for an insult?
? $2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois that the Department of Energy defunded last year because it said the project was inefficient.
? A $246 million tax break for Hollywood movie producers to buy motion picture film.
? $650 million for the digital television converter box coupon program.
just some of the wasted money from the stimulus, don't need a degree to see that
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You didn't really think this one through did you?
Yes it was not spent wisely. Like Bush's tax break for the rich or invading Iraq. All bad spending.
But that badly spent money went into the US economy.
Illinois got a lot of money.
Hollywood got a lot of money, where was the film made?
The digital converter box money probably ended up in China.
The loans go INTO the US economy. Take them away and that money disappears. How do you think they will replace it?
Good luck on the US manufacturing or Wall Street filling the gap. Their alrady filling their part of the gap.
The harsh truth it the US like so many Western Economies, produce too little and spend too much. Look at Greece for the worse example, the US needs to pull in the spending and up taxes. Because increasing production isn't going to happen with anything the Governments do.