Saturday, November 21, 2009

Thoughts on the stimulus...

Dough Henwood over at Left Business Observer writes...
spending so far is quite small—about 1% of GDP has been actually disbursed and received. By contrast, the WPA during the 1930s spent about twice that much—and built thousands of schools, rebuilt thousands of hospitals, repaved 280,000 miles of road, etc. No one is even talking about anything like that now. And two, the spending by state is kind of amazing. Toward the top of the list, measured against total income in the state, are small places like Alaska, North Dakota, Montana, and South Dakota. Toward the bottom, a lot of big ones: New York, New Jersey, and Connecticut among them. California just missed making the bottom 10. Fascinating how Washington redistributes money away from states that are more liberal towards those that are most conservative—and most likely to rail against Washington. Can we just cut them off?

Posted via email from Jim Nichols

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