VitalAccurateThinking

"Spending All That Money"

Glenn Reynolds wonderers how the government will spend all that money:

"My guess is, they’ll manage somehow."

Of course they will, they always spend it and then some. But it won't be efficient or effective to waste 30% as a "toll for the troll" to quote Arthur Laffer. But that is not the point of the program anyway. It is a pork payoff/patronage/reparations (at risk of getting the Kling treatment) program, not a stimulus one. Thus, it really is irrelevant (to them) if the money gets spent correctly or quickly.

posted by Jim VAT @ 9:31 AM