November 24, 2004

WHAT, ME WORRY? Even as financial experts warn of an inevitable "economic Armageddon" as America continues on its unsustainable path of borrow and spend, the Congress is spending tens of billions of borrowed dollars from abroad on truly massive Federal waste. Quotable:
Despite soaring deficits, the government spending plan awaiting President Bush's signature is chock-full of special items for industries and communities. Consider $443,000 to develop salmon-fortified baby food, or $350,000 for the Rock and Roll Hall of Fame. Lawmakers from both parties who approved the $388 billion package last weekend set aside [billions] for projects .. to sow good will in their home districts. The time-honored practice flourished despite the ballooning deficit .. and rising unease about how government will finance the futures of Medicare and Social Security.

For instance, there was $50,000 to control Missouri's wild-hog problem, $1 million for the Norwegian American Foundation in Seattle, $335,000 to protect North Dakota's sunflowers from blackbirds, $4 million for the International Fertilizer Development Center in Alabama ..

Posted by Greg Ransom