In all the hubbub about the financial crisis on Wall Street, we kind of forgot what else Congress is doing to us. They're planning on using 750 billion of our hard earned dollars to bail out people who don't seem to understand that if you indiscriminately lend money, chances are you're not going to get it all back.
But what else was Congress up to last week? The House approved a spending bill of more than $630 billion. Included in this bill is $25 billion for low-interest loans to the auto industry to help them with research and development and to retool their factories for more fuel-efficient cars. So we're going to get it twice -- when we pay for all that with our tax dollars, and then again when we pay the higher prices for the cars.
Added to that were 2,322 pet projects totaling $6.6 billion. That's approximately $2.8 million per pet project. The paper didn't specify what any of these pet projects are, but I imagine they are probably things like studies to find out why kids fall off tricycles or to determine why some people prefer sweet pickles to dill pickles. Or maybe it's a bridge over a creek that nobody has any reason to cross. You know -- those real important things we hire those congressmen to take care of!
"House apporves $630 billion-plus spending bill." The Dallas Morning News; September 25, 2008; p. 6A.
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