Comments on: Pork Barrel Spending Projects Come to Light with Obama’s First Stimulus Package http://steadfastfinances.com/blog/2008/12/30/pork-barrel-spending-projects-come-to-light-with-obamas-first-stimulus-package/ A Personal Finance & Investing 101 blog that delves into current events, consumer education, and techniques to improve your bottom line. Sun, 21 Mar 2010 18:59:24 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Matt http://steadfastfinances.com/blog/2008/12/30/pork-barrel-spending-projects-come-to-light-with-obamas-first-stimulus-package/comment-page-1/#comment-1057 Matt Thu, 01 Jan 2009 07:10:58 +0000 http://steadfastfinances.com/blog/?p=207#comment-1057 @ Andy Agreed - we'll spend way more than $1 Trillion. The Big Three will probably take $100 Billion by the time it's finished in 201- (notice I left the last digit empty). I'm actually concerned about the bubble occurring in treasuries right now. This flight to safety trade is unnerving, and since cheap money / cheap credit got us into this mess, giving the government zero interest loans might not be the best idea ever devised. Just a thought. @ Andy

Agreed – we’ll spend way more than $1 Trillion. The Big Three will probably take $100 Billion by the time it’s finished in 201- (notice I left the last digit empty).

I’m actually concerned about the bubble occurring in treasuries right now. This flight to safety trade is unnerving, and since cheap money / cheap credit got us into this mess, giving the government zero interest loans might not be the best idea ever devised. Just a thought.

]]> By: Matt http://steadfastfinances.com/blog/2008/12/30/pork-barrel-spending-projects-come-to-light-with-obamas-first-stimulus-package/comment-page-1/#comment-1056 Matt Thu, 01 Jan 2009 07:05:55 +0000 http://steadfastfinances.com/blog/?p=207#comment-1056 The spendthrift and "nice to have" projects surprised me for sure. You have to remember, I'm new to this blogging and actively speaking out thing, so my nose isn't conditioned to the stench of pig s**t coming from Washington's political scene. Maybe I've been in dreamland too long, but I would think all of this recession/depression talk would get the politicians to wake up. Then again, the mayors of America got their one chance to put together their ultimate Christmas list, so they're asking for anything and everything. I wonder if Steinbrenner has thought of asking for TARP funds. Jeter's contract is up for renegotiation pretty soon right? The spendthrift and “nice to have” projects surprised me for sure.

You have to remember, I’m new to this blogging and actively speaking out thing, so my nose isn’t conditioned to the stench of pig s**t coming from Washington’s political scene.

Maybe I’ve been in dreamland too long, but I would think all of this recession/depression talk would get the politicians to wake up. Then again, the mayors of America got their one chance to put together their ultimate Christmas list, so they’re asking for anything and everything.

I wonder if Steinbrenner has thought of asking for TARP funds. Jeter’s contract is up for renegotiation pretty soon right?

]]> By: andy http://steadfastfinances.com/blog/2008/12/30/pork-barrel-spending-projects-come-to-light-with-obamas-first-stimulus-package/comment-page-1/#comment-1055 andy Thu, 01 Jan 2009 07:00:30 +0000 http://steadfastfinances.com/blog/?p=207#comment-1055 By the time all the spending finishes, we will have spent much, much more than $1 Trillion. Government spending = Jobs = Economic Growth, is the equation the government is using. Unfortunately economics is never that simple. By the time all the spending finishes, we will have spent much, much more than $1 Trillion. Government spending = Jobs = Economic Growth, is the equation the government is using. Unfortunately economics is never that simple.

]]> By: Mr. ToughMoneyLove http://steadfastfinances.com/blog/2008/12/30/pork-barrel-spending-projects-come-to-light-with-obamas-first-stimulus-package/comment-page-1/#comment-1051 Mr. ToughMoneyLove Thu, 01 Jan 2009 04:52:27 +0000 http://steadfastfinances.com/blog/?p=207#comment-1051 And this surprised you? Remember the line from the Who's "Won't Get Fooled Again": "Meet the new boss, same as the old boss." And this surprised you? Remember the line from the Who’s “Won’t Get Fooled Again”: “Meet the new boss, same as the old boss.”

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