February 10, 2009

Stimulate Indiana

No, that's not our new license plate motto.  It's the motto of the Indiana legislators

The Indiana House approved two massive spending bills Tuesday -- a job-creation proposal that would funnel $1 billion toward local road projects and an education budget that would give schools a 2 percent spending increase....

The funds would come from three sources: $250 million from expected federal stimulus money, $250 million from federal money the state holds in several highway accounts and $500 million from an interest-generating trust fund created from the lease of the Indiana Toll Road in 2006.

Spending our savings, and federal money we don't even have, to improve our roads and schools... I don't understand how this is supposed to get the Hoosier economy rolling.  I'm not adverse to working on a road crew, should it ever come to that... it might even do me some good... but any money made working on the roads by baby-booming, fifty-something, middle-managing men and women who have lost their jobs, their 401K's and their medical insurance is certainly not going to be spent on luxury items like RVs or Ford F150's.  It'll be spent paying off loans to bankers -- one little monthly payment at a time, even though our representatives have already given those same bankers hundreds of billions of our tax dollars.

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