Bailout
Feb/09/09 02:57 PM
Is it wrong to be against something without knowing the full details of it?
That’s what I’m asking myself these days about the huge financial stimulus package being sent through Congress. At almost 1,000 pages long, I’m sure not very many people fully understand the package. And I’m not quite sure I believe those who claim to understand it anyways.
So, why am I against it? Principle. On principle, I’m against the idea of a bunch of drunken politial spenders potentially squandering almost a trillion dollars that will burden myself and future generations for years and years to come. The nature of the legislative system rears its ugly head in times like these, as congressmen face the enormous challenge of balancing the good of their respective legislative districts with the good of the entire United States. Hundreds of politicians swayed by the pressures of reelection and special interests cannot be trusted to put together any sort of package to get us out of this mess.
Am I offering any type of solution? Admittedly, no. However, at this point, I honestly ponder the potential consequenses of the wait for natural, cyclical economic recovery versus a potentially wasted $800 billion and wonder which might be worse.
That’s what I’m asking myself these days about the huge financial stimulus package being sent through Congress. At almost 1,000 pages long, I’m sure not very many people fully understand the package. And I’m not quite sure I believe those who claim to understand it anyways.
So, why am I against it? Principle. On principle, I’m against the idea of a bunch of drunken politial spenders potentially squandering almost a trillion dollars that will burden myself and future generations for years and years to come. The nature of the legislative system rears its ugly head in times like these, as congressmen face the enormous challenge of balancing the good of their respective legislative districts with the good of the entire United States. Hundreds of politicians swayed by the pressures of reelection and special interests cannot be trusted to put together any sort of package to get us out of this mess.
Am I offering any type of solution? Admittedly, no. However, at this point, I honestly ponder the potential consequenses of the wait for natural, cyclical economic recovery versus a potentially wasted $800 billion and wonder which might be worse.
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