Saturday, September 19, 2009

Fayetteville Gets Green Stimulus Grant

The city of Fayetteville, a democrat-voting oasis in a Republican area of the state, got $700,000 in green stimulus grants to do things like bolt solar cells onto the roofs of downtown buildings. Someone asked me what I thought of the matter.

There are about 70,000 souls in Fayetteville, so that is $10 per resident spent on stuff that is for (some of) them, but maybe not spent in a way they would want if they could do anything with the ten dollars. What did it cost them? Well, if there was 700 billion spent on the stimulus, then divided among 300 million Americans it means that the amount put on the nation's credit card for each citizen is $2,333. It does not seem like the stimulus plan has cost that much, because the money at this point has simply been borrowed against your future earnings, not subtracted from your paycheck. What do I think of the green grant? Where is the rest of it?

Ten dollars spent on something that is not my first choice to buy is very little return on the government's commitment of $2,333 of my future earnings. I hope you see it that way too, but it seems like the country is full of short-sighted suckers. There are plenty of people who look at the "benefits" and ignore the costs. They are thrilled that their government threw them a few crumbs while it buys everything in Panera and gives it to its friends using the sucker's credit card.


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