Stealing From the Stimulus
We doubted the $787 billion in stimulus appropriations could all be spent without being raided for other purposes, and the House of Representatives today began the Robin Hood act by proposing a measure to take $2 billion away from the construction industry and give it to the auto industry instead. Because the $1 billion appropriated to fund "cash for clunkers" has already been exhausted, and nobody wants to spend time before today's scheduled adjournment figuring out how to raise revenue to buy more old cars and trucks, the House proposes to take $2 billion from the $11.6 billion appropriated for renewable energy loan guarantees and pump it into the CARS program.
There were feeble mumblings of promises to find $2 billion to restore the Title 17 loan guarantee funds sometime in the future, but I don't recall Robin Hood ever giving anything back to those he stole from.
We doubted the $787 billion in stimulus appropriations could all be spent without being raided for other purposes, and the House of Representatives today began the Robin Hood act by proposing a measure to take $2 billion away from the construction industry and give it to the auto industry instead. Because the $1 billion appropriated to fund "cash for clunkers" has already been exhausted, and nobody wants to spend time before today's scheduled adjournment figuring out how to raise revenue to buy more old cars and trucks, the House proposes to take $2 billion from the $11.6 billion appropriated for renewable energy loan guarantees and pump it into the CARS program.
There were feeble mumblings of promises to find $2 billion to restore the Title 17 loan guarantee funds sometime in the future, but I don't recall Robin Hood ever giving anything back to those he stole from.
