Posted on 06/04/2009 11:52:11 PM PDT by 2ndDivisionVet
Remember the "shovel-ready" projects lined up for all that stimulus money? It turns out social spending, more than construction, is hitting pay dirt in the huge federal effort to turn the economy around.
The public face of the stimulus package has been the worker in a hard hat, getting back on the job to rebuild the nation's infrastructure.
--snip--
The reality of how the vast majority of the stimulus money will be spent is quite different, and that raises questions about how much help the Recovery Act achieved by President Barack Obama will be to the economy in the long run.
Most of the roughly $300 billion going directly to the states is being funneled through existing government programs for health care, education, unemployment benefits, food stamps and other social services.
(Excerpt) Read more at southcoasttoday.com ...
None productive debt piled on more none productive debt...
No way to run a country...
The only thing the stimuls money is helping is the greasing of Obama re-election funds for 2012.
Sames like the same old crap being sold from the same old lies for a lot more money that will find its way into the pockets of political cronies like Michelle Obamas big fancy overpaid job.
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