I was surprised to see Amtrak got an extra $1.3 Billion in the final stimulus package. We have been dumping money down Amtrak's maw for decades now, and periodically Congress issues an ultimatum: become a self-sustaining business in the next 5 years, or we'll pull the plug. Of course they never do. I went to wikipedia and looked up the amount of funding we've given Amtrak - wikipedia doesn't have complete figures, but they were interesting none the less:

I read this graph as showing empirically that stimulating Amtrak with billions of dollars is unlikely to produce any results. I believe there are a lot of worthless projects getting large amounts of money in this stimulus bill, and I'm doubtful that the money we're spending is likely to produce any useful results. The problem is, of course, that this debt burden is going to weigh heavily on me, either through increased taxes, or increased inflation. Time to buy gold & put money in my Roth IRA...
Well, to the extent that we still don't know exactly what was included or left out of the bill that passed, but that more details will come out as people take the time to read it, I think it's too soon to say "definitely" not a stimulus. ;)
ReplyDeletebut yeah, our generation is probably screwed no matter what. We were the ones getting stuck with an overwhelming bill before this even happened - note the worsening and unsustainable national debt and social security system. And on the personal level, wild increases in healthcare and housing costs and wages that aren't keeping up with inflation.
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ReplyDeleteOr move to Canada! Yay!