The Senate today voted for cloture on the porkulus bill.
Sadly, this rotten POS is going to cost us close to $10T over time in interest, assuming it's ever paid off.
I don't really need to say anything more about this thing. It's a huge spending bill, and its impact on the economy will be small and delayed.
It signals the most massive growth of government in our lifetime, and coupled with the ill considered and poorly planned bank bailout, will leave our children, their children, and their children in debt. It'll probably be used as an excuse to reduce social security and other retirement benefits to baby boomers and generations to come, and it will definitely be used as an excuse to cut defense spending.
It's a massive assault on states and state's rights. A couple of Southern governors have expressed that they might not want all the strings attached to their money, Haley Barbour, Governor of MS, said:
"It's not a possibility of strings being attached, it's a certainty ... and until we get a look at what finally passes and all of the implications, it is my belief that there may be some things that we'd be better off not to take."
Mark Sanford, Governor of South Carolina, has similar concerns.
They are the exception, as I expect Georgia will take the money.
But, when these fairly conservative states recognize what a pig this becomes, and what amount of Federal control it requires, will they wise up and say "Enough!"?
I don't know, but I wonder how long it will take for some states to realize that we have become one of states controlled by a strong and demanding central government, not of states, united.