“The $825 billion stimulus program cost hundreds of thousands of dollars per job, even based on the administration’s own inflated job estimates. Cash for Clunkers cost $3 billion merely to shift car sales forward a few months. The PPIP to buy toxic assets from the banks to speed lending generated just 3% of the $1 trillion that the program planners anticipated. And now? Mr. Obama proposes universal preschool ($25 billion per year), ‘Fix it First’ repairs to roads and bridges, plus an infrastructure bank ($50 billion), ‘Project Rebuild,’ refurbishing private properties in cities ($15 billion), endless green-energy subsidies, and a big hike in the minimum wage.”
http://online.wsj.com/article/SB10001424127887323549204578315752295424028.html
Related posts:
Jacob Hornberger: The Deep State Went After JFK on Russia Too
Is It Too Late for an Obama-Romney Ticket?
Peter Schiff: What Doesn't Kill Gold Makes It Stronger
‘Surgical Strikes’ an Orwellian Dream
Judge Napolitano Weighs In On Effort To Change U.S. Tax Laws to Go After Offshore Tax Havens
To those who say ‘trust the government’: Remember J. Edgar Hoover’s FBI?
On the Wrong Side of History
QE3: A Risky Ploy to Solve the Problems of Bad Fiscal Policy with Bad Monetary Policy
Massive jump in people who renounced US citizenship last quarter
"Power Up the Local Police": A Formula for Despotism
Consequences of Power
‘Boston Strong’: Marching in Lockstep with the Police State
Toppling Syria planned years ago
U.S. Losing the GWOT
What Everyone Is Missing About Trump’s Military Parade