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Stimulus Outrage: Money For Poor Kids [Economics]


As we learned during the Bush administration, the only legitimate role the federal government can play in stimulating the economy is sending everyone in America a check. That's always fiscally responsible, too. So why do Democrats hate simple economics?

The New York state government took $140 million of the Obama stimulus money, and, along with $35 million from Soros, decided to give it to poor kids. But only poor kids! Sure, they are going to immediately go spend that money on school supplies, because poor families are not traditionally known for saving and investing effectively, and that will "stimulate" the economy and help poor kids, but we all know that giving money to poor kids is pointless and irresponsible.

That is why Drudge highlighted this miserable story of mothers in the Bronx taking the free money to buy uniforms for their kids, this morning. Presumably we're meant to skip to this bit at the end:

Paterson's Republican critics blasted the giveaway, saying he should spend the money to reduce property taxes.

"It is a plan that is ripe for fraud and abuse," said Senate Republican leader Dean Skelos. "This is a totally irresponsible use of federal stimulus money."

Yes, right, lowering property taxes is definitely what should've been done with this $140 million of cash, because that is how stimulus spending works. Actually Paterson should've just given it directly to landlords, probably.

[Photo: Getty]









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