Sunday, February 15, 2009

"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.

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