Wednesday, May 12, 2010

Another "Stimulus" failure

Now that stimulus funds are drying up, states are going to have to do what they should have done over a year ago--tighten their belts, come clean with residents. They were able to "kick the can down the road" waiting for a better tomorrow that hasn't come. Now the pain will be more severe.

This is one of the reasons why I was against the "stimulus" package. It was obvious to me that state politicians would much rather take the easy way out of not doing the unpopular task of cutting public services but accepting a federal crutch to buy time out of a financial disaster. The incentive to do the wrong thing was simply too juicy to pass up.

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