Monday, October 4, 2010
Getting Stuff from the Government
Newsday reports that NY will get 2.3% of the Administration’s latest redistribution plan. The program has enough problems but the idea that NY will “get” anything from this program is a joke. First, over half the money that this Administration is spending is borrowed. Second, the potion that is not borrowed is collected from citizens and run through the Washington administrative process that is most effective in reducing the amount available to spend on any project. Third, more than 2.3% of the Federal tax income is collected from NY. So, for the money that is not borrowed we are “getting” back less than we send to Washington. It would be way more efficient for every project that is not a Constitutional responsibility of the Federal government for the money just not to be collected in the first place.