Tuesday, March 24, 2009
Gov. Sanford: Why We Don't Want 'Stimulus' - WSJ.com
I think the governor makes his point well.
I can't imagine that the federal government could know more about a state, city, town, township, or school district's financial needs more than the "locals" do...
I can't imagine that the federal government could know more about a state, city, town, township, or school district's financial needs more than the "locals" do...
South Carolina Governor Mark Sanford explains his position in the Wall Street Journal:
"If we're going to spend money we don't have at the federal level, it becomes all the more important that our state balance sheet is in good order -- particularly if this is a protracted downturn. But many people do not realize that the stimulus money runs out in 24 months -- at which point South Carolina will be forced to find a new source of funding to sustain the new level of spending, or to make sharp cuts. Sure, I could kick the can down the road; in two years, I'll be safely out of office. But it would be irresponsible.
If South Carolina could use stimulus money to pay down debt, in two years we will be able to spend, cut taxes or invest even if the federal government can no longer provide more money -- not a remote possibility."
