Desktop Dynamo

A Dubious Accomplishment...

"...It is a wonderful accomplishment for the area." - Congressman Paul Kanjorski (D) Pennsylvania, commenting in a press release on the $6.3 million his district will receive from the $410 billion pork pie cooked up by Congress and signed by President Obama earlier in the week. Nearly 20%...a mind-numbing $1,248,000...is earmarked to Wilkes University for a "rural geo-spatial information systems program."

Perhaps a truly "wonderful accomplishment" for the whole nation would have been for Kanjorski (Chairman of the Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises) to tell us all last year to get the hell off the tracks...there's a train wreck-a-coming.

Note: Folks, I don't think $410 billion worth of pork-laden spending that our grandkids's grandkids will be paying for is the way to go. I know this post will sound partisan, and I don't hide the fact that I'm an active Republican, but if Lou Barletta had been elected instead of Kanjorski in this district...and voted for this package...I'd have said the same thing. (Except for the train-wreck comment.). We are spending trillions we don't have. The Chinese smell trouble, because they know the only thing we can do eventually is just print more money, and that will hurt China's investment in the US. The Chinese fear we're creating one last mother-of-all bubbles and they will pop it at some point by pulling their money out of US investments.