I find more and more information everyday that relates to why the Government Spending Bill is a terrible idea. It's easy to read the opinions of other bloggers and columnists and dismiss them as having other political agendas to promote, but when economists, economic professors and Nobel Laureates speak out against the bill as well, I think that people who don't know economics might want to take heed. It's also worth reading through the eight pages of why some of the more highly educated people in the world of economics think this is a terrible idea.
There's a reason why our President wanted to try and have this bill passed quickly and it doesn't appear to have much to do with helping the economy. I believe that he knows that most of this bill is a farce and he knows that the longer its passage is delayed the more people will have a chance to read it and speak out against it. Support for the bill is beginning to wane in the public eye and these sorts of polls tend to help politicians who might be wavering in their support to find their backbone again. Let's hope this is the case.
Some of the things that have been added to this bill at the last moment are truly frightening. The creation of new government positions with the power to implement far-reaching change in the health care industry ought to make people stand up and take notice.
For those of you who are visual learners like me, here's a graph showing the expenses of the proposed bill and how they will be paid out over time.
Here's a good list of 10 reasons to oppose the bill.