Where Did the Money Come From? (Use the link for the entire article on NRO):
...Finally, say what you will about Sarah Palin, but I found her take on the stimulus to be a useful and simple explanation of the foregoing:
Americans were promised the stimulus would keep unemployment under 8%. It’s now well over that. We were promised it would be targeted and pork-free. It’s been loaded with pork, corporate giveaways, union bosses’ goodies, and other manners of waste. We were promised there would be no fraud, but our government now tells us it can’t even verify the eligibility of people applying for the $325 billion worth of stimulus tax provisions. We were promised there would be strict oversight, but billions of dollars apparently were allotted to congressional districts that don’t even exist. We were promised it would provide “green jobs” for Americans, but 80% of the $2 billion they spent on alternative energy went to purchase wind turbines built in China! We were promised it would help state governments weather the recession, but states receiving the stimulus bait will be in worse fiscal shape now because local governments will be on the hook for new unfunded mandates and continuation of government programs they couldn’t afford in the first place – as many of us governors warned state legislatures.
One year later, we see plainly that the stimulus was not a well-thought out plan. It hasn’t revived our economy; instead the debt-ridden package will prove to be a drag on our economy. It hasn’t put us on the path to a better future; instead it’s unfairly mortgaged our children’s future and stolen opportunities from them. It hasn’t strengthened us; instead it endangers our freedom and security by making us even more beholden to foreign lenders. The legacy of the stimulus isn’t jobs or economic growth – it’s more dangerous debt.