The Arlington (Va.) Connection reports that Congressman Jim Moran convened an “emergency meeting of local leaders” last week to discuss the best way to carve up funds from the yet-to-be-passed Democratic “stimulus” package:
The bill, which was introduced last week, will contain more than $500 billion in spending that — coupled with more than $200 billion in tax cuts — Congress hopes will stimulate the economy and drag the country out of recession.
But where will all this spending go? No one’s exactly sure, Moran said, and that is why now is the time for localities across the country to be lobbying for a piece of this federal funding.
“The biggest threat, these economists tell us, is that whatever the government does it will be too little and too late. So we’re going to act posthaste,” Moran said. “Those communities, those organizations that are ready with projects that can begin immediately are the ones who are going to get the money.”
So, if we follow Moran’s argument, the best economic policy is to blindly spend money in a panic based on who organizes the most effective lobbying campaign. Nothing could go wrong with this plan.Moran added that “stimulus” focuses the economy on short-term goals to the exclusion of harmful long-term planning:
Moran said that the spending would revitalize the country’s infrastructure and decrease unemployment. “The emphasis is upon jobs,” he said. “That’s what it’s about: getting people to work, hiring as many people as you can.”
But Moran said that this opportunity to procure huge sums of federal money would be short lived. “Once this is done the gates may start to close,” he said. “So we need to be on board right now. I’m not sure how much longer we’re going to be able to put out more money given the deficit situation.”
Once again, Moran’s wisdom is evident: You can easily employ millions of people in government-financed jobs if you’re just willing to incur enough debt. Obviously, these jobs will continue to exist after government financing ceases and it becomes apparent there’s no market demand for these positions.
Seriously, how can one refute Moran’s superior economic reasoning? Government spending = prosperity. It’s amazing it took humanity until 2009 to realize this self-evident truth.