Tuesday, November 25, 2008

Legalized Looting

The CEO's of the three major U.S. auto makers will undoubtedly return to Washington soon with their tin cups held out. Right behind them will be a whole cadre of representatives from other industries making a case for a share of what is sometimes referred to in an old fashioned sort of way as "taxpayer money."

Remember when they were talking about a $300 billion stimulus (a new technical term meaning "spending")? Well, now the number is $700 billion. One lobbyist quoted in this story says that he could "easily identify" $1.5 TRILLION in infrastructure projects that need to get done.

This seems to be an addiction worse than cocaine. Urgent memo to Congress: call Nancy Reagan.

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