Every interest group is busy in Washington lobbying for a slice of the so‐called stimulus plan being concocted by the incoming Obama Administration. The governors are especially greedy, particularly the ones that already have taxed and spent their states into deep trouble. As Reuters reports, five of them are asking for $1 trillion. They say this money would restore the economy, but everyone who has watched this video knows that is nonsense. The real purpose is to buy more votes with other people’s money:
Governors of five U.S. states urged the federal government to provide $1 trillion in aid to the country’s 50 states to help pay for education, welfare and infrastructure as states struggle with steep budget deficits amid a deepening recession. The governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin — all Democrats — said the initiative for the two‐year aid package was backed by other governors and follows a meeting in December where governors called on President‐elect Barack Obama to help them maintain services in the face of slumping revenues. …The governors said during a conference call with reporters that the plan had been discussed with Congressional leaders and the incoming administration, which had indicated its willingness to help. “The Obama team has been very receptive in listening to us,” said Gov. Jim Doyle of Wisconsin. He said “quite a number” of other governors back the initiative. …The proposal comes amid expectations that the Obama administration, which takes office on January 20, will provide hundreds of billions of dollars in economic stimulus to boost the shrinking U.S. economy and halt the loss of jobs.