Scott Walker is refusing “free money” from the stimulus plan. State pols are mad at him; soon national pols will be mad at him. He’s the rare guy on he street that refuses the drug pusher. He knows the consequences are bad; he probably knows they are not “unintended.” See the weekend WSJ for this great piece.
Third, if we grow government rather than private-sector jobs, we will not help the economy. Strong leadership, honest budgeting and tax cuts would do a lot more.
This burst housing bubble that led to the recession was created when millions of people were allowed (or encouraged) to spend borrowed money on homes they couldn’t afford and were later forced into foreclosure.
Apparently Washington politicians learned nothing from this process. They rushed to spend $787 billion of borrowed money on new government programs in the name of economic stimulus. But even this loan of taxpayer money — essentially the largest mortgage in history — will come due. When it does, our children and grandchildren will pay for this imprudence.
As popular as the federal “stimulus” package is with Washington politicians, it is more popular among state and local politicians who view federal money as a cure for their fiscal woes.
via Scott Walker Refuses Stimulus Money for Milwaukee – WSJ.com.