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US government needs to spend wisely
Published: 29 July, 2010, 03:51
Edited: 08 September, 2010, 19:19
TAGS: Crisis, Politics, Budget, USA, Economy
While the American people are struggling economically, the Obama administration is missing or spending insufficiently billions of tax dollars.
The Obama administration has reportedly spent tens of millions of dollars on road signs that promote the use of stimulus dollars on various construction projects across America.
The amount of money being spent on these signs has raised questions about whether or not the administration is spending taxpayer dollars responsibly. The administration spent $10,000 alone on just one sign near Washington’s Dulles International Airport.
While the administration claims only $5 million dollars have been spent on these signs, others question whether or not this is an accurate figure.
The issue has traveled as far as Capitol Hill, where many members of Congress have openly criticized the Obama administration for government waste. One lawmaker is even trying to push a bill through Congress that would cut funding for these signs.
“At a time of record deficits, at a time when we need to start cutting back and living within our means, I think that the millions of dollars we’re spending on signs is an easy cut,” argued Congressman Aaron Schock (R-IL).
While some Washington residents are critical of the signs, others argue that this is simply the government following through on its promise of transparency.
“I have no problem with the signs,” said Washington resident Brendan Horton. “I think it’s good that the public is made aware that the recovery act funds are being used.”
Whether it is a necessary expense in the name of transparency or another example of government waste, these signs have caused quite a stir in Washington.
However, it is not about spending more or less, it is about spending differently, argued Max Fraad Wolff, an economics professor at The New School in New York City. He argued that the US might in fact need another stimulus.
“I’d like to see any future stimulus and future government spending be done very differently than we’ve been seeing the spending done in the last several years,” said Wolff.
Wolff argued that in the future Americans will have higher taxes and less government services. He also added that cuts to military spending are possible without risk to national security. There are a lot of cuts that could be made without hindering America’s national security, argued Wolff.
“I’d say as an economist, National security, the understanding of it in the United States, needs to be broadened because I for one think it’s a national security issue if people don’t have jobs for months and months and months, or health insurance or decent schools or safe streets. I think that’s as much national security as an intercontinental ballistic missile defense system,” said Wolff.
Wolff also argued that many of the jobs lost in the economic crisis will never come back. He said the challenge of the market and government is to create new jobs, which may mean retraining and relocation for those seeking jobs.
“I think we need direct jobs programs. I think we need the federal government to assist private corporations in doing some hiring,” said Wolff.
29.07.2010, 03:43
3 comments
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The United States used to make some really good deals and spend the tax payers money very wisely. One good example was the purchase of Alaska from Russis. Now that was a super wise transaction. Does Russia have any more real estate like Alaska for sale? Perhaps we could trade California (a failed state} for Siberia, and throw in Manhatten, just to sweeten the deal.
Wisely ? you said wisely ? Gosh , you must be kidding ! wise = with some kind of common sens , down-to-earth manner , with a long foreseen goal . I really wonder when was the last US "top-brass" to do anything wisely ? at some very rare exceptions , all US presidents had some furious ideas about how money should be spent ,with some "special kuku cases" as W.Wilson : founder of "the Fed's" who had only one task to carry Keep the $ Value (lost 98/99% of its value since 1913) R.Reagan : spent tens of billions on "Star War system" (most techs remain to be invented today !) and last but very far from least (probably the worst with W.Wilson who pushed Allies and US to send expeditionary-army to Russia during the Soviets rev. in Murmansk and Vladivostock ) G.W.Bush : the one who charged some 2 to 3 Trillions$ to US tax-payers for unneeded-wars , provoked by unreal-facts , to prevent unreal-threats , for completely faked-reasons ... (but for the best benefits of his friend(s) Dick and Haliburton ...) wise , you said ? Ha.ha.ha. ! they should have learned the lesson : even Vietman was too expensive for them ! (it provoked the abandon of Bretton-Woods [ US$=Gold Ratio system] ) US is addicted to credits and overspending ,nothing else !