Re: [Pen-l] Democrats to placate Republicans on recovery plan

[Max Sawicky <maxbsawicky@xxxxxxxxx>]

No doubt.  And CA ain't gonna get $100 billion (you meant billion).
There an issue is whether the Gov should allocate money according to
fiscal incompetence, raising a moral hazard issue.  Hey we're doing it
for the banks.

Basically we are doomed.  On CNN at lunch I saw a segment where they
discussed the number 1 trillion (like Rodney Dangerfield asking 'how
big is it') and had a mathematician on to opine on the stimulus
package.  But it was Frederika Von Whitfield, so I didn't mind.  She
can say any nonsense she likes, I'm all ears.



On Wed, Feb 4, 2009 at 1:58 PM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
> Max Sawicky wrote:
>> State governments are likely to spend what they get to prop up
>> services that otherwise would take a hit due to falling tax revenue.
>> In that respect aid to states is one of the most efficient types of
>> stimulus, though there are limits to the amount that states could
>> absorb, and the distribution of aid makes a difference.
>
> In fact, if the Federal Government gave $100 million to California,
> our state government would spend _more_ than that.
> --
> Jim Devine / "Disbelief in magic can force a poor soul into believing
> in government and business."  -- Tom Robbins
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