The administration has declared the Generational Theft Act to be a success. The "stimulus package has worked," claimed the president last Wednesday, a sentiment echoed by his advisors and press room.
As of the end of July, slightly less than 10 percent of the total stimulus package will have been spent.
So here's the question: If the stimulus package worked and only ten percent has been spent, why run up the deficit any higher and spend the remaining 90 percent? If this is a real stimulus, and not pork, earmarks and political payback, the job is done! Stop spending! On the other hand, if this is not a real stimulus package; if it is, indeed as many of us suspect, simply a liberal christmas catalog ... er, sorry ... a winter solstice holiday season catalog .... then the spending will continue uninterrupted until China tells us we can't borrow any more money.
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