Dear Keynesians: Please Explain How We Get a >1 Multiplier from This
December 8, 2009, 2:56 pm
Via Valley Fever:
Republican senators submitted a report to Congress yesterday outlining billions of dollars of useless or stupid spending in the Obama stimulus plan.
What do we mean by useless or stupid? How about $100,000 for a puppet show in Minnesota or a $2 million replica railroad in Nevada….
The wasteful spending isn’t isolated to Minnesota and Nevada, some of it is right here in Arizona.
According to the report, Arizona State University and the University of Arizona were given nearly a million dollars to study the work habits of ants.
“I had no idea that so much expertise concerning ants resided in the major universities of my state,” McCain says. “I say that with an element of pride, but I’m not sure its deserving of these taxpayers’ dollars.”
Here are some I wish I had won grants for, at least in my youth:
Some of the other gems outlined in McCain’s catalog of stupid spending are a $400,000 grant awarded to the University of Buffalo for a study on kids who smoke weed and drink malt liquor, a dinner cruise boat in Chicago that got $1 million to fight terrorism, and a $219,000 grant to the National Institute of Health to determine whether college chicks are more likely to “hook up” after drinking.
In other words, the federal government spent $219,000 to study beer goggles.
coyoteblog.com |
