House Democrats have released a $825 billion plan to “stimulate” the nation’s economy. After reading through the 13-page press release, it is blatantly obvious to me that the proposal is nothing more than a conglomeration of traditional special interest favorites. Education pork? Check. Science pork? Check. Transportation pork? Check. Pork for state and local governments? Check and check.
Cato scholars have written extensively on most of the plan’s components at one time or another. For instance, anyone interested in the alleged stimulative power of more federal dollars being spent on higher education should check out Neal McCluskey’s post from Friday. Or see Chris Edwards and Peter Van Doren on infrastructure spending in this nifty piece.
In no particular order, I thought I’d pick out some of the programs targeted for “stimulating” and provide an example of how taxpayers can expect their money to be spent. Lest anyone think I’m cherry-picking, the following hardly scratches the surface: