The damage is not unforeseen. The stimulus has tax bombs at the federal and state levels. Conservative governors have bitterly complained about the state tax bombs but the media has provided good cover for the rats. The stimulus has bribed states to spend recklessly while state budgets implode. We are living in a worst case scenario of a fiscal train wreck.
interesting, so this was purposeful.
I can see that is what is happening, the spending with no regard.
But haven’t caught up with the fact that it is purposeful, I thought it was just dumb inefficient government at its best.
More of a folly.
well the train wreck happens before november of 2010.
the political fallout will be interesting.